Les dépenses publiques et la croissance économique au Maroc

Public expenditures and economic growth in Morocco

Hind Tahtah

MPRA Paper from University Library of Munich, Germany

Abstract: The relationship between public expenditures and the economic growth attracts more and more the interests of most economists, especially after the financial crisis of 2008. A return to Keynesianism has been the subject of contemporary debates and still one of the most proposed solutions to this financial crisis. This paper explores the causal links between budget spending and economic growth, considering the externality effects exerted by the budgetary expenditure on private investment, which cannot be neglected in explaining economic growth. The results of the estimation of two error correction models conclude that the budgetary expenditures in investment and human capital formation (especially in education and transport and communication) promote growth and encourage private investment. Also, public authorities should reduce final consumption expenditure of government, since these have a negative impact on economic growth in the short term.

Keywords: Dépenses publiques; croissance économique; modèle à correction d’erreurs; causalité au sens de Granger (search for similar items in EconPapers)
JEL-codes: C3 H51 H52 H54 O47 (search for similar items in EconPapers)
Date: 2013, Revised 2015
New Economics Papers: this item is included in nep-ara
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:72107

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