Assessing The Impact Of Structural Reforms On Potential Output The Case Of Morocco
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Assessing The Impact Of Structural Reforms On Potential Output The Case Of Morocco
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Author : Hippolyte W. Balima
language : en
Publisher: International Monetary Fund
Release Date : 2023-10-27
Assessing The Impact Of Structural Reforms On Potential Output The Case Of Morocco written by Hippolyte W. Balima and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-27 with Business & Economics categories.
This paper assesses Morocco’s potential output and the scope for structural reforms to reverse the downward trend in economic performance observed since the Global Financial Crisis. Using multivariate filtering (MVF) techniques, our analysis finds that the downward secular trend in potential growth was primarily driven by the decline in the contribution of labor inputs. We then combine production function and general equilibrium model approaches to provide estimates of the potential macroeconomic impact of Morocco’s structural reform agenda. The results suggest that the planned structural reforms could deliver sizable output gains in the medium to long term with reforms that would reduce the large gender gap in Morocco’s labor market yielding the greatest payoffs.
Morocco S Quest For Stronger And Inclusive Growth
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Author : Mr. Roberto Cardarelli
language : en
Publisher: International Monetary Fund
Release Date : 2023-10-09
Morocco S Quest For Stronger And Inclusive Growth written by Mr. Roberto Cardarelli and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2023-10-09 with Business & Economics categories.
Throughout the past two decades, Morocco has faced several external and domestic shocks, including large swings in international oil prices, regional geopolitical tensions, severe droughts, and most recently the impact of the pandemic and the economic fallout from Russia’s invasion of Ukraine. Despite rough waters, the government stayed the course and remained focused not only on immediate stability, but also on the long-term needs of the Moroccan economy. This involved the adoption of a series of difficult measures, like the elimination of energy subsidies, and a strategy aimed at improving the country’s infrastructure, diversifying the production and export bases by attracting foreign investment, and modernizing the governance structure of the public administration. The road to higher and more inclusive growth, however, remains steep. Despite gains in poverty reduction, literacy and lifespans, Morocco economy continues to face a high share of inactive youth, large gaps in economic opportunities for women, a fragmented social protection system, and remaining barriers to private sector development. An ambitious reform agenda is needed to better meet the aspirations of Moroccans, by making economic growth stronger, more resilient and more inclusive, particularly to provide greater opportunities for young, women, and entrepreneurs. Morocco appears well positioned to address these challenges, and indeed, the country has recently sought to define and pursue a new “model of development”, through national debates and a more inclusive approach to reform. Significant reforms have been announced recently that revamp both the social protection system and the SOEs business model. This book draws lessons from the reforms Morocco has implemented in the past few decades and charts a course for Morocco by addressing key areas for reform.
Morocco 2021 Article Iv Consultation Press Release And Staff Report
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2022-02-09
Morocco 2021 Article Iv Consultation Press Release And Staff Report written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2022-02-09 with Business & Economics categories.
Thanks to a successful vaccination campaign, COVID19 cases have declined sharply in 2021, and the Moroccan economy is rebounding. Economic activity has recovered most of the ground lost with the severe recession of 2020 and is expected to grow at 6.3 percent in 2021. Among the factors propelling the rebound are the exceptional harvest after two years of drought, continued fiscal and monetary stimulus, and the persistent buoyancy of remittances. Going forward, Morocco’s growth is expected to remain at about 3 percent, assuming the acceleration of new cases in early 2022 proves transitory and the effects of the pandemic on activity gradually fade. Recent inflationary pressures remained manageable and are expected to wane in 2022, as cost pressures from global and domestic supply disruptions are reabsorbed. After its sharp contraction in 2020, the current account deficit is projected to widen in 2021 and over the medium term, but Morocco emerges from the pandemic with a much stronger international reserve position.
Morocco
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Author : International Monetary Fund. Middle East and Central Asia Dept.
language : en
Publisher: International Monetary Fund
Release Date : 2024-05
Morocco written by International Monetary Fund. Middle East and Central Asia Dept. and has been published by International Monetary Fund this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05 with Business & Economics categories.
The Moroccan economy once again showed resilience to negative shocks in 2023, as economic activity accelerated, inflation slowed, and the current account deficit narrowed despite headwinds from water scarcity (which caused a severe loss of jobs in the agricultural sector), the September 2023 earthquake, and lower growth in the Euro Area. The ambitious infrastructure plan announced by the authorities (including in water and energy sectors) is expected to boost investment and growth in the next few years, with the current account gradually converging towards the medium-term norm. The fiscal deficit in 2023 was below the level projected in the Budget and the authorities reiterated their commitment to a gradual fiscal consolidation over the next three years. Implementation of the structural reform agenda has continued, particularly regarding the overhaul of social protection, health care, and education systems.
Oecd Investment Policy Reviews Morocco 2024 Abridged Version
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Author : OECD
language : en
Publisher: OECD Publishing
Release Date : 2024-11-04
Oecd Investment Policy Reviews Morocco 2024 Abridged Version written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-04 with categories.
This second OECD Investment Policy Review of Morocco assesses Morocco's domestic and foreign investment climate, as well as the challenges and opportunities facing the Government of Morocco in its reform efforts. The review draws on the OECD Policy Framework for Investment, the OECD FDI Qualities Policy Toolkit, the OECD Guidelines for Multinational Enterprises and other instruments under the responsibility of the OECD Investment Committee. It explores the trends and impacts of foreign direct investment on Morocco’s economy and society. It analyses the legal and institutional framework for investment, as well as measures to promote responsible business conduct. The review also focuses on how investment can support two priority levers of development in Morocco: regional development and digitalisation.
Examens De L Ocde Des Politiques De L Investissement Examen De L Ocde Des Politiques De L Investissement Maroc 2024
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Author : OECD
language : fr
Publisher: OECD Publishing
Release Date : 2024-11-04
Examens De L Ocde Des Politiques De L Investissement Examen De L Ocde Des Politiques De L Investissement Maroc 2024 written by OECD and has been published by OECD Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-11-04 with categories.
Ce second examen de l’OCDE des politiques de l’investissement du Maroc analyse le climat de l'investissement national et étranger au Maroc ainsi que les défis et les opportunités auxquels le Gouvernement du Maroc est confronté dans ses efforts de réforme. L’examen s’appuie sur le Cadre politique de l’OCDE pour l’investissement, la Boîte à outils de l’OCDE des politiques relatives aux qualités de l’investissement direct étranger, les Principes directeurs de l’OCDE à l’intention des entreprises multinationales pour une conduite responsable des entreprises et d’autres instruments sous la responsabilité du Comité de l’investissement de l’OCDE. Il explore les tendances et les impacts de l’investissement étranger direct sur l’économie et la société marocaines. Il analyse le cadre juridique et institutionnel relatif aux investissements ainsi que les mesures visant à promouvoir la conduite responsable des entreprises. Cet examen se concentre également sur la manière dont l’investissement peut soutenir deux leviers prioritaires de développement au Maroc : le développement territorial et la digitalisation.
Methodology For Impact Assessment Of Free Trade Agreements
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Author : Asian Development Bank
language : en
Publisher: Asian Development Bank
Release Date : 2011-02-01
Methodology For Impact Assessment Of Free Trade Agreements written by Asian Development Bank and has been published by Asian Development Bank this book supported file pdf, txt, epub, kindle and other format this book has been release on 2011-02-01 with Business & Economics categories.
This publication displays the menu for choice of available methods to evaluate the impact of Free Trade Agreements (FTAs). It caters mainly to policy makers from developing countries and aims to equip them with some economic knowledge and techniques that will enable them to conduct their own economic evaluation studies on existing or future FTAs, or to critically re-examine the results of impact assessment studies conducted by others, at the very least.
The Greening Of Economic Policy Reform
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Author : Jeremy J. Warford
language : en
Publisher: World Bank Publications
Release Date : 1997
The Greening Of Economic Policy Reform written by Jeremy J. Warford and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1997 with Nature categories.
This report, in two volumes, addresses environmental impacts stemming from economy-wide policy reforms, and seeks to clarify the nature of the economic, physical, institutional, and cultural aspects of their relationship. Volume 1 summarizes the case studies and synthesizes their key principles. Volume 2 explores the case studies in full length. They reflect a wide range of country situations and environmental problems. Pollution issues are addressed, such as air quality and energy use in Poland and Sri Lanka, while a variety of natural resource-related issues are covered in the other studies: deforestation and land degradation in Costa Rica; migration and deforestation in the Philippines; agricultural land degradation due to overgrazing in Tunisia, fertility losses due to extension of cultivation areas in Ghana; water resource depletion in Morocco; and wildlife management in Zimbabwe. The case studies also use a variety of analytical methods to illustrate the different approaches to identifying the environmental implications of economy-wide reforms. These methods range from tracing the links between economic incentives and resource use through direct observation, to relying on more complex economic modeling of policies and their environmental effects. In all the studies, however, the analytical approach uniformly requires identifying key environmental concerns and relating them to the agenda of priority sectoral and macroeconomic reforms.
Assessing The Distortions Of Mandatory Pensions Of Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis
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Author : Michal Rutkowski
language : en
Publisher: World Bank Publications
Release Date :
Assessing The Distortions Of Mandatory Pensions Of Labor Supply Decisions And Human Capital Accumulation How To Bridge The Gap Between Economic Theory And Policy Analysis written by Michal Rutkowski and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on with categories.
Muslim Democratic Parties In The Middle East
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Author : A. Kadir Yildirim
language : en
Publisher: Indiana University Press
Release Date : 2016-09-26
Muslim Democratic Parties In The Middle East written by A. Kadir Yildirim and has been published by Indiana University Press this book supported file pdf, txt, epub, kindle and other format this book has been release on 2016-09-26 with Political Science categories.
“Represents an important advancement in developing the strand of literature that considers how economic conditions affect Islamist movements.” —Middle Eastern Studies A. Kadir Yildirim and other scholars have used the term “Muslim Democrat” to describe moderate Islamist political parties, suggesting a parallel with Christian Democratic parties in Europe. These parties (MDPs) are marked by their adherence to a secular political regime, normative commitment to the rules of a democratic political system, and the democratic political representation of a religious identity. In this book, Yildirim draws on extensive field research in Turkey, Egypt, and Morocco to examine this phenomenon and assess the interaction of economic and political factors in the development of MDPs. Distinguishing between “competitive [economic] liberalization” and “crony liberalization,” he argues that MDPs are more likely to emerge and succeed in the context of the former. He summarizes that the broader implication is that the economic liberalization models adopted by governments in the region in the wake of the Arab Spring have significant implications for the future direction of party systems and democratic reform.