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L’investissement et la fiscalité au Maroc : les enseignements d’une approche sectorielle

Author

Listed:
  • Youssef BOUAZIZI

    (École Nationale de Commerce et de Gestion (ENCG), Université Moulay Ismaïl, Meknès, Maroc)

  • Fouzi MOURJI

    (LASAARE, Université Hassan II, Casablanca, Maroc)

Abstract

Cet article étudie les effets sur les investissements de la fiscalité différenciée selon les secteurs au Maroc. Le travail s’appuie sur une base de données originale construite à partir des Tableaux Ressources–Emplois sur la période 2015–2023 et de la matrice de la formation brute de capital fixe du Haut-Commissariat au Plan. En intégrant explicitement la composante fiscale dans la mesure du coût d’usage du capital, l’étude propose une lecture mésoéconomique des déterminants de l’accumulation productive. Les résultats des différents modèles économétriques mobilisés montrent que la fiscalité exerce un effet négatif et structurel sur l’investissement. Toutefois, les dispositifs de soutien et d’allègement fiscal atténuent partiellement cette contrainte, soulignant l’importance d’une politique fiscale cohérente, stable et mieux articulée aux priorités industrielles. L’analyse met ainsi en évidence la nécessité d’une fiscalité capable sur ce plan de concilier incitation à l’investissement et soutenabilité budgétaire.

Suggested Citation

  • Youssef BOUAZIZI & Fouzi MOURJI, 2025. "L’investissement et la fiscalité au Maroc : les enseignements d’une approche sectorielle," Region et Developpement, Region et Developpement, LEAD, Universite du Sud - Toulon Var, vol. 62, pages 151-173.
    • Handle: RePEc:tou:journl:v:62:y:2025:p:151-173
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    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • H25 - Public Economics - - Taxation, Subsidies, and Revenue - - - Business Taxes and Subsidies
    • O23 - Economic Development, Innovation, Technological Change, and Growth - - Development Planning and Policy - - - Fiscal and Monetary Policy in Development
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence

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