Munich Personal RePEc Archive

Les dépenses publiques et la croissance économique au Maroc

Tahtah, Hind (2013): Les dépenses publiques et la croissance économique au Maroc. Published in: Revue marocaine des études et des consultations juridiques No. 4 - 2013 (2013)

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Abstract

The relationship between public expenditures and the economic growth attracts more and more the interests of most economists, especially after the financial crisis of 2008. A return to Keynesianism has been the subject of contemporary debates and still one of the most proposed solutions to this financial crisis. This paper explores the causal links between budget spending and economic growth, considering the externality effects exerted by the budgetary expenditure on private investment, which cannot be neglected in explaining economic growth. The results of the estimation of two error correction models conclude that the budgetary expenditures in investment and human capital formation (especially in education and transport and communication) promote growth and encourage private investment. Also, public authorities should reduce final consumption expenditure of government, since these have a negative impact on economic growth in the short term.

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