Did the Morocco stock market benefit from the free trade agreement with the US?

References

• Aggrawal, R., & Kyaw, N.A. (2005). Equity market integration in the NAFTA region: evidence from unit root and cointegration tests. International Review of Financial Analysis, 4, 393–406. doi:10.1016/j.irfa.2004.10.008
   Google Scholar
• Beigi, M.H., & Budzinski, O. (2013). Reservations on the use of event studies to evaluate economic policy. Intereconomics, 48, 174–179. doi:10.1007/s10272-013-0459-6
   Google Scholar
• Belkahia, R. 2005. The State of Corporate Governance in Morocco. Corporate Governance Trends, Center for International Private Enterprise.
   Google Scholar
• Budzinski, O. (2013). Impact evaluation of merger control decisions. European Competition Journal, 9, 199–224. doi:10.5235/17441056.9.1.199
   Google Scholar
• Ciner, C. (2006). A further look at linkages between NAFTA equity markets. The Quarterly Review of Economics and Finance, 46, 338–352. doi:10.1016/j.qref.2006.02.007
   Google Scholar
• Corrado, C.J. (2011). Event studies: A methodology review. Accounting & Finance, 51, 207–234. doi:10.1111/j.1467-629X.2010.00375.x
   Web of Science ®Google Scholar
• Crombois, J.F. (2005). The US-Morocco free trade agreement. Mediterranean Politics, 10, 219–223. doi:10.1080/13629390500124283
   Google Scholar
• Darrat, A.F., & Zhong, M. (2005). Equity market linkage and multinational trade accords: the case of NAFTA. Journal of International Money and Finance, 24, 793–817. doi:10.1016/j.jimonfin.2005.04.006
   Web of Science ®Google Scholar
• Ewing, B.T., Payne, J.E., & Sowell, C. (1999). NAFTA and North American stock market linkages: an empirical note. North American. Journal of Economics and Finance, 10, 443–451.
   Google Scholar
• Ewing, B.T., Payne, J.E., & Sowell, C. (2001). Transmission of conditional stock return volatility across North American markets: evidence from pre- and post-NAFTA. International Trade Journal, 15, 409–427. doi:10.1080/08853900152646896
   Google Scholar
• Farooq, O., Saoud, S., & Agnaou, S. (2012). Dividend policy as a signaling mechanism under different market conditions: Evidence from the Casablanca Stock Exchange. International Research Journal of Finance and Economics, 83, 187–198.
   Google Scholar
• Galal, A., & Lawrence, R. (2003). Egypt-US and Morocco-US free trade agreements. Egyptian Center for Economic Studies. Retrived from http://www.eces.org.eg/MediaFiles/Uploaded_Files/%7B0B2D700F-33AC-4B25-B82A-F3AEA950CDDD%7D_ECESWP87e.pdf
   Google Scholar
• Heaney, R., & Hooper, V. (1999). World, regional and political risk influences upon Asia-Pacific equity market returns. Australian Journal of Management, 24, 131–142. doi:10.1177/031289629902400203
   Google Scholar
• Hooy, C.W., & Goh, K.L. (2010). Exposure to the world and trading-bloc risks: A multivariate capital asset pricing model. Research in International Business and Finance, 24, 206–222. doi:10.1016/j.ribaf.2009.12.002
   Google Scholar
• Jefferis, K., & Smith, G. (2005). The changing efficiency of African stock markets. The South African Journal of Economics, 73, 54–67. doi:10.1111/j.1813-6982.2005.00004.x
   Web of Science ®Google Scholar
• Khandekar, G. (2013). EU-Asia trade: In need of a strategy (Paper published by Fundación para las Relaciones Internacionales y el Diálogo Exterior). Retrieved from http://fride.org/download/PB_13_EU_Asia_trade.pdf
   Google Scholar
• Lagoarde-Segot, T., & Lucey, B.M. (2009). Shift contagion vulnerability in the MENA stock markets. World Economy, 32, 1478–1497. doi:10.1111/j.1467-9701.2009.01204.x
   Web of Science ®Google Scholar
• Lahmiri, S. (2017). On fractality and chaos in Moroccan family business stock returns and volatility. Physica A: Statistical Mechanics and Its Applications, 473, 29–39. doi:10.1016/j.physa.2017.01.033
   Web of Science ®Google Scholar
• MacKinlay, A.C. (1997). Event studies in economics and finance. Journal of Economic Literature, 35, 13–39.
   Web of Science ®Google Scholar
• Malki, M., & Thompson, H. (2014). Morocco and the US free trade agreement: a specific factors model with unemployment and energy imports. Economic Modelling, 40, 269–274. doi:10.1016/j.econmod.2014.04.020
   Web of Science ®Google Scholar
• McWilliams, A., & Siegel, D. (1997). Event studies in management research: Theoretical and empirical issues. Academy of Management Journal, 40, 626–657.
   Web of Science ®Google Scholar
• Melvin, M., & Melvin, B.P. (2003). The global transmission of volatility in the foreign exchange market. The Review of Economics and Statistics, 85, 670–679. doi:10.1162/003465303322369803
   Web of Science ®Google Scholar
• Qian, P.Y., & Diaz, J.F. (2017). Volatility integration of global stock markets with the Malaysian stock market: A multivariate GARCH approach. Malaysian. Journal of Economic Studies, 54, 83.
   Web of Science ®Google Scholar
• Rahman, K.M., Molla, R.I., & Murad, M.W. (2008). Japan-Malaysia free trade agreement: expectations and achievements. Journal of Comparative International Management, 11, 29–42. doi:10.2202/1524-5861.1445
   Google Scholar
• Rose, A., & Moser, C. (2011). To agree or not to agree on regional trade? Hiring the stock market as an advisor. VoxEU. org, 9.
   Google Scholar
• Smith, G., Jefferis, K., & Ryoo, H.J. (2002). African stock markets: multiple variance ratio tests of random walks. Applied Financial Economics, 12, 475–484. doi:10.1080/09603100010009957
   Google Scholar