Bouoiyour, Jamal (2004): Foreign direct investment in Morocco. Published in: “Foreign Direct Investment in Developing Countries: Leveraging the Role of Multinationals”.Agence Française de Développement and Institut Français des Relations Internationales (2004): pp. 149-167.
Download (271Kb) | Preview
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
|Item Type:||MPRA Paper|
|Original Title:||Foreign direct investment in Morocco|
|Keywords:||FDI, Technological gap, Spillovers|
|Subjects:||F - International Economics > F2 - International Factor Movements and International Business > F23 - Multinational Firms; International Business
F - International Economics > F2 - International Factor Movements and International Business > F21 - International Investment; Long-Term Capital Movements
|Depositing User:||jamal bouoiyour|
|Date Deposited:||12. Jun 2011 04:39|
|Last Modified:||12. Feb 2013 14:50|
BOUOIYOUR, J. (2003a), “The Determining Factors of Foreign Direct Investment in Morocco ”, 10th Economic Research Forum, Annual Congress, The World Bank, Marrakech.
BOUOIYOUR, J. (2003b), “Labour Productivity, Technological Gap and Spillovers : Evidence From Moroccan Manufacturing Industries ”, WPCATT, University of Pau.
BOUOIYOUR, J. (2003c), “Productivity and spillovers diffusion in Morocco : Is there a difference between high tech and low tech sectors ? ”, WP-CATT, University of Pau.
BOUOIYOUR, J. and M. HATTAB-CHRISTMANN (1994), “ Les flux d’investissements directs étrangers au Maroc ”, Annales Marocaines d’Economie, 8.
BOUOIYOUR, J. et S. TOUFIK (2003), ‘‘Productivité des industries manufacturières marocaines et investissements directs étrangers’’, Critique Economique, n° 9.
HADDAD, M. and A. HARRISON (1993), “Are there positive spillovers from direct foreign investment ? Evidence from panel data for Morocco”, Journal of Development Economics 42.
MEYER, K. E. (2003), “FDI spillovers in emerging markets: A literature review and new perspectives ”, mimeo, Copenhagen Business School.
ONYEIWU, S. (2003), “Analysis of FDI flows to developing countries : Is the MENA region different ? ’’, 9th Economic Research Forum, Annual Congress, The World Bank, Sharjah.
PROENÇA, I., M. P. FOUNTOURA and N. GRESPO (2002), “Productivity spillovers from multinational corporations in the Portuguese case: Evidence from a short time period panel data”, mimeo, University of Lisbon.
UNCTAD (2003), World Investment Report, Geneva.
WANG, J. and M. BLOMSTRÖM (1992), “Foreign investment and technology transfer ”, European Economic Review, 36.
WORLD BANK (2002), “Moroccan manufacturing sector at the turn of the century ”, FACS-MOROCCO 2002.