Oil price volatility and GDP for oil-importing countries: Case of Morocco

Morocco is an oil-importing country. This dependency raises the likelihood that changes in oil prices may have an impact on its economic growth. This study aims to investigate the existence of an impact of oil prices on economic growth for the period of 1990 to 2020 using the Autoregressive Distributed Lag (ARDL) model of Co-integration. Results show no significant relationship between oil prices, human capital formation and economic growth for the period of study. However, the increase in gross fixed capital formation has a significant positive impact on the Moroccan economy