Comparative Analysis of Macroeconomic Performance and Volatility in Egypt, Morocco and Tunisia: Time Series Evidence

ABSTRACT: The aim of this thesis is to carry out a comparative analysis of macroeconomic performance and volatility of Egypt, Morocco and Tunisia over the period 1980-2010 and in the sub-periods of the same period. To this end, the thesis studies the pattern of each individual country by looking at each country macroeconomic indicators. In addition, it looks at fluctuations, changes in main macroeconomic variables and try to investigate the causes for these patterns. The conclusion is that countries could achieve higher growth rates if they eliminate trade barriers and increase their exports, invest in risk management. Central banks should be more independent from the government. Encouraging investment and create a competitive and dynamic business environment. Governments should reinforce people confidence in the political system. Keywords: comparative analysis, macroeconomic volatility, macroeconomic performance. …………………………………………………………………………………………………………………………