Public debts and State-Owned Enterprises investments: the case of Morocco

Dettes publiques et investissements des entreprises publiques: cas du Maroc

Adil Kouskous (adil.k1981@gmail.com) and Hafida Nia
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Adil Kouskous: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)
Hafida Nia: UH2C - Université Hassan II de Casablanca = University of Hassan II Casablanca = جامعة الحسن الثاني (ar)

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Abstract: In Morocco, the debate on the issue of rising public debt has steadily increased in recent years. As such, the public authorities say that it is the only way to overcome economic constraints. It is also a necessary means to continue the public investment effort and the improvement of the indicators of the national economy. The aim of this paper is to provide an empirical study of the cause relationship between public debt, especially, SOEs debt, external public debt with SOE investment. The study was based on annual time series data for six macroeconomic variables for a period of 27 years from 1990 to 2016. The results indicated that there is a positive relationship between SOEs indebtedness and their investment in the short and long-run.

Keywords: SOEs debt; SOEs investments; macroeconomic variables; error correction mechanism; Endettement des EEP; investissements des EEP; variables macroéconomiques; modèle à correction d'erreur (search for similar items in EconPapers)
Date: 2018
Note: View the original document on HAL open archive server: https://hal.science/hal-04198226v1
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Published in International Review of Economics, Management and Law Research, 2018, 1 (1), ⟨10.5281/zenodo.8322979⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-04198226

DOI: 10.5281/zenodo.8322979

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