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Public Spending on Human Capital and Economic Growth in Morocco

Author

Listed:
  • Oussama Elkhalfi

    (BIGOFCF, Faculty of Legal, Economic and Social Sciences, University Hassan II- Ain Chock, Morocco.)

  • Rachid Chaabita

    (Faculty of Legal, Economic and Social Sciences - University Hassan II- Ain Chock and Director of the Laboratory of Business Intelligence - Governance of Organizations, Finance and Financial Crime, Morocco.)

  • Kamal Zahraoui

    (Hassan II University, FSJES, Casablanca, Morocco.)

  • Hicham El Alaoui

    (BIGOFCF, University Hassan II- Ain Chock, FSJES, Casablanca, Morocco.)

Abstract

The purpose of this paper is to measure the impact of public spending on human capital on economic growth in Morocco. The data cover the period between 1990 and 2019. Through the ARDL estimation model that is more appropriate to the structure of our data, the results reveal that human capital spending is conducive to economic growth in the current year and less conducive in subsequent years. Human capital spending in the long run has a beneficial effect on economic growth in Morocco and the effect is more severe for health spending than education spending. In view of these results, economic policies must support the administration of human capital expenditures towards investment expenditures in the education and health sector.

Suggested Citation

  • Oussama Elkhalfi & Rachid Chaabita & Kamal Zahraoui & Hicham El Alaoui, 2023. "Public Spending on Human Capital and Economic Growth in Morocco," International Journal of Economics and Financial Issues, Econjournals, vol. 13(4), pages 102-110, July.
    • Handle: RePEc:eco:journ1:2023-04-13
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    References listed on IDEAS

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    More about this item

    Keywords

    Human capital; ARDL model; Economic growth; Public expenditure.;
    All these keywords.

    JEL classification:

    • B21 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Microeconomics
    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • B23 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Econometrics; Quantitative and Mathematical Studies
    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics

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