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Les déterminants de l’effort de relance en réponse à la crise de Covid-19

Author

Listed:
  • Lahlou, Kamal

    (Bank Al-Maghrib, Département de la Recherche)

  • Hajjaji , Saida

    (Bank Al-Maghrib, Département de la Recherche)

Abstract

L’économie mondiale a observé une récession sans précèdent à cause de la pandémie de la Covid-19. Les gouvernements ont ainsi utilisé différentes mesures de soutien aux ménages et aux entreprises pour atténuer les effets de la crise et relancer l’activité économique. Toutefois, l’ampleur des dépenses a significativement varié d'une économie à l'autre. Ce travail examine les déterminants macroéconomiques de l’effort de relance en réponse à la pandémie sur un panel de 86 pays émergents et en développement dont le Maroc. Les résultats ont montré que des niveaux élevés de la dette et du déficit du compte courant ont contribué à la réduction de l’effort de relance. En revanche, la sévérité de la récession économique observée en 2020, le nombre de cas de contaminations et l’indice de développement humain ont concouru à l’augmentation de l’effort de relance. De même, la taille de l’économie informelle a davantage accentué les besoins d’aides puisque les travailleurs qui opèrent dans ces activités ne bénéficient pas des filets de sécurité sociale. Enfin, le développement du secteur financier a positivement agi sur l’effort de relance destiné aux entreprises à travers les mécanismes de garantie du crédit.

Suggested Citation

  • Lahlou, Kamal & Hajjaji , Saida, 2022. "Les déterminants de l’effort de relance en réponse à la crise de Covid-19," Document de travail 2022-4, Bank Al-Maghrib, Département de la Recherche.
    • Handle: RePEc:ris:bkamdt:2022_004
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    References listed on IDEAS

    as
    1. Daniel Jeong-Dae Lee, 2020. "An assessment of fiscal space for COVID-19 response and recovery in Asia-Pacific developing countries," MPDD Policy Briefs PB116, United Nations Economic and Social Commission for Asia and the Pacific (ESCAP).
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    4. Christopher Adam & Enrique Alberola-Ila & Albert Pierres Tejada, 2022. "Covid-19 and the monetary-fiscal policy nexus in Africa," BIS Papers, Bank for International Settlements, number 121.
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    More about this item

    Keywords

    Pandémie-Covid19; crise-économique-et-sociale; effort-de-relance; déterminants-macroéconomiques; modélisation-en-coupe-transversale;
    All these keywords.

    JEL classification:

    • G28 - Financial Economics - - Financial Institutions and Services - - - Government Policy and Regulation

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