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Public debts and State-Owned Enterprises investments: the case of Morocco
[Dettes publiques et investissements des entreprises publiques : cas du Maroc]

Author

Listed:
  • Adil Kouskous

    (UH2MC - Université Hassan II [Casablanca])

  • Hafida Nia

    (UH2MC - Université Hassan II [Casablanca])

Abstract

In Morocco, the debate on the issue of rising public debt has steadily increased in recent years. As such, the public authorities say that it is the only way to overcome economic constraints. It is also a necessary means to continue the public investment effort and the improvement of the indicators of the national economy. The aim of this paper is to provide an empirical study of the cause relationship between public debt, especially, SOEs debt, external public debt with SOE investment. The study was based on annual time series data for six macroeconomic variables for a period of 27 years from 1990 to 2016. The results indicated that there is a positive relationship between SOEs indebtedness and their investment in the short and long-run.

Suggested Citation

  • Adil Kouskous & Hafida Nia, 2018. "Public debts and State-Owned Enterprises investments: the case of Morocco [Dettes publiques et investissements des entreprises publiques : cas du Maroc]," Post-Print hal-04198226, HAL.
    • Handle: RePEc:hal:journl:hal-04198226
    DOI: 10.5281/zenodo.8322979
    Note: View the original document on HAL open archive server: https://hal.science/hal-04198226
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    References listed on IDEAS

    as
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    4. J. E. Meade, 1937. "A Simplified Model of Mr. Keynes' System," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 4(2), pages 98-107.
    5. Aasim M. Husain, 1997. "Domestic Taxes and the External Debt Laffer Curve," Economica, London School of Economics and Political Science, vol. 64(255), pages 519-525, August.
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