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Patents and Economic Growth in Morocco: Empirical Evidence From ARDL Bounds Testing

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  • Bouzggd, Mohamed

    (Laboratory for Studies and Research in Economics and Management, Faculty of Law, Economic and Social Sciences Ait Mlloul, Ibn Zohr University, Agadir, Morocco,)

  • Elbourki, Mohamed

    (Laboratory for Studies and Research in Economics and Management, Faculty of Law, Economic and Social Sciences Ait Mlloul, Ibn Zohr University, Agadir, Morocco,)

  • Arbia, Anass

    (Laboratory of Finance, Entrepreneurship and Development, Research Team in Macroeconomics and Public Policy, Faculty of Law, Economic and Social Sciences, Mohammed V University of Rabat, Morocco.)

Abstract

This study examines the short- and long-term relationship between innovation, measured by patent filings, and economic growth in Morocco over the period 2004-2023, using disaggregated quarterly data. After confirming the presence of mixed integration orders and a cointegration relationship using the bounds test, the ARDL model was estimated, supplemented by an error correction model (ECM) to analyse short-term dynamics. The empirical results reveal that, in the long term, patents have a positive and significant effect on GDP, while education and population growth have a negative impact; FDI and ERD are not decisive factors. In the short term, innovation and FDI support growth, while GFCF and immediate education have negative effects, offset by a favorable delayed effect of education. Empirical evidence suggests the need for integrated policies promoting innovation, matching training and employment, and managing demographic transition in order to support sustainable growth.

Suggested Citation

  • Bouzggd, Mohamed & Elbourki, Mohamed & Arbia, Anass, 2025. "Patents and Economic Growth in Morocco: Empirical Evidence From ARDL Bounds Testing," International Journal of Economics and Financial Issues, Econjournals, vol. 15(6), pages 826-834, October.
    • Handle: RePEc:eco:journ1:v:15:y:2025:i:6:id:21663
    DOI: 10.32479/ijefi.21663
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