Fiscal Policy and Economic Growth in Morocco

La politique budgétaire et croissance économique au Maroc (Colloque international)

Atman Dkhissi () and Mohamed Khariss
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Atman Dkhissi: UM5 - Université Mohammed V de Rabat [Agdal]
Mohamed Khariss: UM5 - Université Mohammed V de Rabat [Agdal]

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Abstract: The use of threshold effects in the implementation of budgetary policy, enroll in a logic of economic and social policies evaluation. The presence of threshold effects suggests the coexistence of different budget regimes conditional on the public debt. The budgetary discipline imposed to the Moroccan public finances since the 80s, may be counterproductive and harmful to the Moroccan economic growth. The objective is not to propose optimal debt and deficit levels, but to show the importance of establishing a flexible budgetary rule that takes into account the economic and social realities of the Moroccan economy. Threshold effects suppose the non-linearity in terms of budgetary effort and the lack of the "one best way" in the setting budgetary policy.

Keywords: Threshold effects; Economic dynamic; Fiscal deficit.; Fiscal Policy; Sustainability of public debt (search for similar items in EconPapers)
Date: 2015-10-23
New Economics Papers: this item is included in nep-ara
Note: View the original document on HAL open archive server: https://hal.science/hal-01522255v2
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Published in Colloque International « Politique économique et développement », Colloque International « Politique économique et développement » Hammamet, Tunisie, 23 et 24 octobre 2015, Oct 2015, Hammamet, Tunisie

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