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Libéralisation financière et investissement des entreprises marocaines
[Financial liberalization and investment of the Moroccan firms]

Author

Listed:
  • OUNIR, Abdessamad

Abstract

Notre objectif à travers cet article est d’étudier le processus de libéralisation du secteur financier et son impact sur l’investissement des entreprises marocaines. Pour ce faire, nous avons présenté dans un premier point une synthèse de la revue de littérature théorique de la politique de libéralisation financière et investissement des entreprises, ensuite nous passons en revue une description des caractéristiques du secteur financier avant et après la libéralisation financière au Maroc, enfin et dans un troisième point, nous avons tenté de répondre à notre questionnement à travers une analyse des données de l’enquête effectuée sur un échantillon d’entreprises marocaines. Il ressort ainsi de notre travail que le processus de libéralisation financière initié par les autorités publiques depuis le début de la décennie 80, n’a pas permis d’éliminer en grande partie les contraintes de financement résultant des asymétries d’information et le comportement des banques d’une part, et les interventions de l’Etat dans les affaires financières et économiques d’autre part. Au terme de cet article, nous pouvons dire que le climat d’investissement est marqué par la persistance des déficiences des conditions défavorables notamment aux petites et moyennes entreprises et que le secteur bancaire, malgré sa solidité financière, manque de dynamisme en matière de financement des investissements des entreprises.

Suggested Citation

  • OUNIR, Abdessamad, 2012. "Libéralisation financière et investissement des entreprises marocaines [Financial liberalization and investment of the Moroccan firms]," MPRA Paper 71798, University Library of Munich, Germany, revised 2012.
    • Handle: RePEc:pra:mprapa:71798
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    References listed on IDEAS

    as
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    JEL classification:

    • E20 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - General (includes Measurement and Data)

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