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Foreign direct investment in Morocco

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  • Bouoiyour, Jamal

Abstract

In this paper, we first compare the characteristics of Moroccan and foreign manufacturing firms between 1987 and 1996, and finds, as expected, that the latter perform better in terms of productivity, are technologically more advanced and more export-oriented, and pay higher wages than the former. Second, based on ongoing research, we suggest that foreign presence may have a positive impact on Moroccan productivity but that the relationship depends on local absorptive capacity or the technological gap (i.e. distance between foreign and local firms in terms of total factor productivity). It would appear that the larger the technological gap, the greater the spillover, up to a certain point. One interesting implication is that the effects of FDI may vary greatly across industries. This line of research deserves further investigation and may call for more appropriate sectoral policy response to foster spillovers between foreign and local firms

Suggested Citation

  • Bouoiyour, Jamal, 2004. "Foreign direct investment in Morocco," MPRA Paper 31457, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:31457
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    References listed on IDEAS

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    1. bouoiyour, jamal, 2007. "The Determining factors of foreign firect investment in Morocco," MPRA Paper 37030, University Library of Munich, Germany.
    2. Jamal bouoiyour & Al Akhawayn, 2005. "Labour Productivity, Technological Gap and Spillovers Evidence from Moroccan Manufacturing Industries," The African Finance Journal, Africagrowth Institute, vol. 7(2), pages 1-17.
    3. Isabel Proença & Maria Paula Fontoura & Nuno Crespo, 2002. "Productivity Spillovers from Multinational Corporations in the Portuguese Case: Evidence from a Short Time Period Panel Data," Working Papers Department of Economics 2002/06, ISEG - Lisbon School of Economics and Management, Department of Economics, Universidade de Lisboa.
    4. Bouoiyour, Jamal & Toufik, Said, 2003. "Productivité des industries manufacturières marocaines et investissements directs étrangers [Productivity in Moroccan manufacturing and foreign direct investment]," MPRA Paper 38097, University Library of Munich, Germany.
    5. Wang, Jian-Ye & Blomstrom, Magnus, 1992. "Foreign investment and technology transfer : A simple model," European Economic Review, Elsevier, vol. 36(1), pages 137-155, January.
    6. Haddad, Mona & Harrison, Ann, 1993. "Are there positive spillovers from direct foreign investment? : Evidence from panel data for Morocco," Journal of Development Economics, Elsevier, vol. 42(1), pages 51-74, October.
    7. repec:pra:mprapa:37325 is not listed on IDEAS
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    Citations

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    Cited by:

    1. Bakri Abdul Karim & Zulkefly Abdul Karim & Mohamad Naufal Nasharuddin, 2018. "Corruption and Foreign Direct Investment (FDI) in ASEAN-5: A Panel Evidence," Economics and Finance in Indonesia, Faculty of Economics and Business, University of Indonesia, vol. 64, pages 145-156, Desember.
    2. Bouoiyour, Jamal & Rey, Serge, 2005. "Régime de change, taux de change réel, flux commerciaux et investissements directs étrangers: le cas du Maroc [Real exchange rate, trade flows and foreign direct investments: the Moroccan case]," MPRA Paper 49503, University Library of Munich, Germany.
    3. bouoiyour, jamal, 2006. "Productivité du travail, capital humain et écart technologique dans les industries manufacturières marocaines [Labor productivity, human capital and technology gap in manufacturing Moroccan]," MPRA Paper 37035, University Library of Munich, Germany.
    4. Neil Foster-McGregor, 2012. "Innovation and Technology Transfer across Countries," wiiw Research Reports 380, The Vienna Institute for International Economic Studies, wiiw.
    5. Bouoiyour, Jamal, 2005. "Partenariat Euro-marocain et dynamique des investissements directs étrangers [Euro-Moroccan partnership and dynamic investment foreign direct]," MPRA Paper 45992, University Library of Munich, Germany.
    6. Rey, Serge, 2009. "L’apport du NATREX à la modélisation des taux de change d’équilibre : théorie et application au dollar canadien," L'Actualité Economique, Société Canadienne de Science Economique, vol. 85(2), pages 131-181, juin.
    7. Klaus E Meyer & Evis Sinani, 2009. "When and where does foreign direct investment generate positive spillovers? A meta-analysis," Journal of International Business Studies, Palgrave Macmillan;Academy of International Business, vol. 40(7), pages 1075-1094, September.
    8. Baccouche, Rafik & Bouoiyour, Jamal & Hatem, M’Henni & Mouley, Sami, 2008. "Dynamique des investissements, mutations sectorielles et convertibilité du compte de capital : impacts des mesures de libéralisation et expériences comparées Tunisie - Maroc [Dynamics of investment," MPRA Paper 38148, University Library of Munich, Germany.
    9. Leonardo Becchetti & Nada Kobeissi, 2010. "Role of Governance and Institutional Environment in Affecting Cross Border M&As, Alliances and Project Financing: Evidence from Emerging Markets," CEIS Research Paper 156, Tor Vergata University, CEIS, revised 28 May 2010.

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    More about this item

    Keywords

    FDI; Technological gap; Spillovers;
    All these keywords.

    JEL classification:

    • F23 - International Economics - - International Factor Movements and International Business - - - Multinational Firms; International Business
    • F21 - International Economics - - International Factor Movements and International Business - - - International Investment; Long-Term Capital Movements

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