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Fiscal Policy and Economic Growth in Morocco
[La politique budgétaire et croissance économique au Maroc (Colloque international)]

Author

Listed:
  • Atman Dkhissi

    (UM5 - Université Mohammed V de Rabat [Agdal])

  • Mohamed Khariss

    (UM5 - Université Mohammed V de Rabat [Agdal])

Abstract

The use of threshold effects in the implementation of budgetary policy, enroll in a logic of economic and social policies evaluation. The presence of threshold effects suggests the coexistence of different budget regimes conditional on the public debt. The budgetary discipline imposed to the Moroccan public finances since the 80s, may be counterproductive and harmful to the Moroccan economic growth. The objective is not to propose optimal debt and deficit levels, but to show the importance of establishing a flexible budgetary rule that takes into account the economic and social realities of the Moroccan economy. Threshold effects suppose the non-linearity in terms of budgetary effort and the lack of the "one best way" in the setting budgetary policy.

Suggested Citation

  • Atman Dkhissi & Mohamed Khariss, 2015. "Fiscal Policy and Economic Growth in Morocco [La politique budgétaire et croissance économique au Maroc (Colloque international)]," Post-Print hal-01522255, HAL.
    • Handle: RePEc:hal:journl:hal-01522255
    Note: View the original document on HAL open archive server: https://hal.science/hal-01522255v2
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    Keywords

    Threshold effects; Economic dynamic; Fiscal deficit.; Fiscal Policy; Sustainability of public debt;
    All these keywords.

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