Industrial dynamics and productivity in Morocco: A quantitative assessment

Lahcen Achy and Khalid Sekkat

ULB Institutional Repository from ULB -- Universite Libre de Bruxelles

Abstract: Since the early 1980s, the Moroccan authorities have decided to switch from a model of a relatively closed import substitution economy with a large public sector to free trade and a market oriented economy. Price liberalization policy has been one of the main components of the Structural Adjustment program (SAP). Most prices of goods and services were freed in order to promote competition and allow market mechanisms to have a greater role in allocating and pricing factors, goods and services. The country speeded up the process of economic reforms during the 1990s. The new strategy is thought to set the economy on a path of higher efficiency as a result of the intense competition, and thus foster growth and development. © 2010 Springer-Verlag New York.

Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:ulb:ulbeco:2013/204079

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