Public debt and economic growth in Morocco: Multivariate regression analysis[Dette publique et croissance économique au Maroc : Analyse par régression multivariée]

In recent years, Morocco has pursued a consistent strategy of public debt to finance its expenditures. However, this continual reliance on borrowing has not yielded the necessary revenues to fulfill commitments to creditors while requiring the state to meet credit deadlines without compromising economic growth. In this context, this article aims to empirically explore the relationship between public debt and economic growth in Morocco from 2000 to 2020. The adopted methodology is based on a hypothetico-deductive approach, commencing with a comprehensive review of theoretical and empirical literature addressing this specific issue. Following this foundation, an econometric modeling is undertaken, specifically applying multiple regression model. This thorough analytical approach allows us to grasp the implications of public debt on Morocco's economic performance. The obtained results reveal a positive relationship between public debt and Gross Domestic Product (GDP). This conclusion suggests that, in the Moroccan context, the increase in public debt is associated with an augmentation of GDP. However, interpreting this correlation requires nuanced analysis, taking into account the specificities of the Moroccan economic context. This study thus contributes to understanding the complex dynamics between public debt and economic growth, providing significant insights for policymakers and economic stakeholders.