Berthomieu, Claude; Essid, Zied
December 2010
Maghreb - Machrek;dec2010, Issue 206, p41
Academic Journal
The international financial crisis has resulted in a global economic slowdown and seems to have affected differently the southern Mediterranean. The crisis in the southern Mediterranean countries in general follows process different from that observed in developed countries. Our contribution in this paper will identify the transmission channels of the crisis on the economies of these countries whose GDP growth rate can be affected by lower exports due to the fall of the foreign export demand, lower remittances from migrants (because of the crisis effects on the employment of these workers in Europe) and the decrease in tourism demand as well as in FDI. Finally, using a SVAR econometric approach, an empirical evidence of these mechanisms is given for the case of Tunisia.


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