[ Ouverture et croissance : Cas des IDE entrants au Maroc ]
Volume 24, Issue 3, October 2018, Pages 1324–1336
Amal NAJAB1 and Ayoub SABIR AL MASLOUHI2
1 Professeur HDR, Laboratoire de Recherche en Compétitivité Economique et Performance Managériale (LARCEPEM), Centre Interdisciplinaire de Recherche en Performance et Compétitivité (CIRPEC), Faculté des sciences juridiques, économiques et sociales de Souissi, Université Mohamed V de Rabat, Morocco
2 Laboratoire de Recherche sur la Nouvelle Economie et Développement, Université Hassan II de Casablanca, Faculté des sciences juridiques, économiques et sociales Ain Sebaa - Casablanca Quartier Beausite, B.P. 2634, Ain Sebaâ, Casablanca, Morocco
Original language: French
Copyright © 2018 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
The study of the evolution of growth rates and that of economic development in an open economy is constantly attracting the interest of researchers and practitioners, as it presents results that differ and diverge. This discrepancy is, somehow, modelled on the adoption and implementation of policies of economic openness abroad, which depend mainly on political will, but also on a set of parameters such as the social structure, the economic situation, as well as the industrial fabric and natural resources. While economic openness is the core of economic strategies for many countries, it remains reluctant in other countries. Morocco, like many developing countries, has established a policy of economic openness, characterized by the promotion of trade, the encouragement of inward and outward foreign investment; and diversity of partners, etc. Nevertheless, the achievements of this openness remain to be evaluated. This work aims to analyze the relation between growth and FDI among the theoretical contributions as well as the empirical works dealing with the impact of the openness to growth via Foreign Direct Investments as a transmission channel to the positive benefits of the openness, on the economic growth in Morocco, , and to assess the impact of this economic openness, on the evolution of economic growth through the FDI channel, using empirical verification with Vector Error Correction Model. the results show a small positive impact of FDI on the economic growth on the long run.
Author Keywords: Attractivity, development, partnership, stability, exchange.
Volume 24, Issue 3, October 2018, Pages 1324–1336
Amal NAJAB1 and Ayoub SABIR AL MASLOUHI2
1 Professeur HDR, Laboratoire de Recherche en Compétitivité Economique et Performance Managériale (LARCEPEM), Centre Interdisciplinaire de Recherche en Performance et Compétitivité (CIRPEC), Faculté des sciences juridiques, économiques et sociales de Souissi, Université Mohamed V de Rabat, Morocco
2 Laboratoire de Recherche sur la Nouvelle Economie et Développement, Université Hassan II de Casablanca, Faculté des sciences juridiques, économiques et sociales Ain Sebaa - Casablanca Quartier Beausite, B.P. 2634, Ain Sebaâ, Casablanca, Morocco
Original language: French
Copyright © 2018 ISSR Journals. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
Abstract
The study of the evolution of growth rates and that of economic development in an open economy is constantly attracting the interest of researchers and practitioners, as it presents results that differ and diverge. This discrepancy is, somehow, modelled on the adoption and implementation of policies of economic openness abroad, which depend mainly on political will, but also on a set of parameters such as the social structure, the economic situation, as well as the industrial fabric and natural resources. While economic openness is the core of economic strategies for many countries, it remains reluctant in other countries. Morocco, like many developing countries, has established a policy of economic openness, characterized by the promotion of trade, the encouragement of inward and outward foreign investment; and diversity of partners, etc. Nevertheless, the achievements of this openness remain to be evaluated. This work aims to analyze the relation between growth and FDI among the theoretical contributions as well as the empirical works dealing with the impact of the openness to growth via Foreign Direct Investments as a transmission channel to the positive benefits of the openness, on the economic growth in Morocco, , and to assess the impact of this economic openness, on the evolution of economic growth through the FDI channel, using empirical verification with Vector Error Correction Model. the results show a small positive impact of FDI on the economic growth on the long run.
Author Keywords: Attractivity, development, partnership, stability, exchange.
Abstract: (french)
L’étude de l’évolution des taux de croissance et celle du développement économique dans une économie ouverte, ne cesse de susciter l’intérêt des chercheurs et des praticiens, car elle présente des résultats qui divergent. Cette divergence s'est, en quelque sorte, calquée sur l’adoption et la mise en œuvre des politiques d’ouverture économique à l’international, qui dépendent principalement de la volonté politique, mais aussi d'un ensemble de paramètres tels que la structure sociale, la conjoncture économique, ainsi que le tissu industriel et les ressources naturelles. Alors que l’ouverture économique constitue le noyau dur des stratégies économiques d’un grand nombre de pays, elle demeure l’objet d’une réticence, de la part d’autres pays. Le Maroc, à l’instar de plusieurs pays en voie de développement, mise sur une politique d’ouverture économique, caractérisée par la promotion des échanges, l’encouragement des investissements étrangers entrants et sortants (notamment vers l’Afrique subsaharienne), et la diversification des partenaires etc. Ce travail a pour objectif d’analyser la relation entre la croissance et les IDE entrants, à travers une revue de littérature théorique et empirique, avant d’examiner empiriquement, les effets de l’ouverture économique sur la croissance économique au Maroc à travers le canal des IDE en flux entrants. Nous allons procéder à une vérification économétrique à l’aide d’un modèle vectoriel à correction d’erreur (VECM). Les résultats de cette étude montrent un faible impact positif des IDE sur la croissance sur le long terme.
Author Keywords: Attractivité, développement, partenariats, stabilité, échange.
How to Cite this Article
Amal NAJAB and Ayoub SABIR AL MASLOUHI, “Openness and growth : Case of Inward Foreign Direct Investments (FDI) in Morocco,” International Journal of Innovation and Applied Studies, vol. 24, no. 3, pp. 1324–1336, October 2018.
