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Determinants of Firm Growth: An Empirical Analysis from Morocco

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  • Harabi, Najib

Abstract

This paper views the economic growth experience in Morocco from the perspective of private firms. Using models of optimal firm size as a theoretical framework, the paper analyzes empirically the factors affecting the growth process of Moroccan private firms. The analysis is based on a field survey of 370 firms carried out under the auspices of the World Bank in 1998. The sample includes firms of different sizes, from more than 100 workers to 5 workers or fewer. It also covers all major economic sectors: manufacturing, construction, services, and commerce. The principal factors promoting firm growth are business strategies that are focused on product diversification and market share expansion; location in large urban centers; legal status as a limited liability company; the presence of price competition; presence in markets with high demand; and certain government policies such as labor regulations, anti-trust and environmental policy. The principal factors impeding firm growth are lack of access to qualified workers and managers; location in smaller population centers; and certain other government policies such as regulation of foreign trade and policies that promote domestic price volatility.

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Bibliographic Info

Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 4394.

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Date of creation: Jul 2005
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Handle: RePEc:pra:mprapa:4394

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Keywords: Microeconomics of growth; firm growth; Morocco;

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