Impact of Public Education Expenditures on Economic Growth in Morocco: An ARDL Approach

Impact des dépenses publiques d'éducation sur la croissance économique au Maroc: une approche ARDL

Imane Bou-Laouz and Youssef Samihi
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Imane Bou-Laouz: UIT - Université Ibn Tofaïl
Youssef Samihi: UIT - Université Ibn Tofaïl

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Abstract: In this article, we analyze the impact of public education spending on economic growth in Morocco from 1975 to 2022, using the (Auto-Regressive Distributed Lag) ARDL econometric model in Eviews 13 software. The study examines the relationship between education expenditures and GDP growth, incorporating key variables such as gross fixed capital formation (GFCF), population growth rate, inflation, and primary completion rate. Grounded in endogenous growth and post-Keynesian theories, this research explores how education, as an investment in human capital, influences productivity and growth. The findings highlight contrasting impacts: a significant negative effect in the short term, attributed to structural inefficiencies and maturation delays, and an absence of significant long-term impact due to institutional limitations and a mismatch with economic needs. The study underscores the importance of deepreforms to maximize the economic benefits of education spending in Morocco.

Keywords: Human capital; Public education spending; Economic grow; ARDL Approach; Capital humain; Dépenses publiques d'éducation; Croissance économique; ARDL (search for similar items in EconPapers)
Date: 2025-04-01
New Economics Papers: this item is included in nep-ara
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Published in International Journal of Accounting, Finance, Auditing, Management and Economics, 2025, ⟨10.5281/zenodo.15207126⟩

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Persistent link: https://EconPapers.repec.org/RePEc:hal:journl:hal-05156945

DOI: 10.5281/zenodo.15207126

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