Public-private partnership and economic growth in Morocco: An empirical análisis
Keywords:
Public–Private Partnership; infrastructures; economic growth
Abstract
Public-private partnerships (PPPs) have emerged as an innovative investment model for infrastructure projects. Introduced in Morocco during the 1990s, PPPs have since become an important element of the country's economic development strategy, in order to stimulate economic development and address infrastructure challenges. Our paper aims to study the impact of investment in public-private partnerships on economic growth. This study serves to enrich and complement the existing work in this field, thus contributing to the advancement of knowledge and expanding the boundaries of the existing literature. The study uses a time-series dataset from Morocco that includes PPP investments, the number of PPPs, GDP, and other control variables between 1990 and 2020. The dataset was analyzed using the multiple linear regression method. Results indicate that investment in PPPs has a positive and statistically significant impact on Morocco's economic growth, underscoring the effectiveness of this investment model in the national context.
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References
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17. Loukili, Z., & Elhamma, A. (2024). L’émergence de la politique des partenariats public-privé: Étude comparative Maroc et France. International Journal of Accounting, Finance, Auditing, Management and Economics, 5(6), 190-206.
https://doi.org/10.5281/zenodo.11537330
18. Mapule, M., & al. (2023). Public–private partnerships and economic growth: a sectoral analysis from developing countries. International Journal of Construction Management. Récupéré sur https://doi.org/10.1080/15623599.2023.2217374
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21. Pimentel, I., & al. (2017). The impact of investment in Public Private Partnerships on Public, Private investment and GDP in Portugal. Department of Economics.Lisbon School of Economics & Management. DOI:10.13140/RG.2.2.17117.46568
22. The World Bank. (2016). Government Objectives: Benefits and Risks of PPPs . Public private partnership.
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24. Snoussi, N., & Elhamma, A. (2024). The pivotal role of management control in times of crisis: Enhancing organizational resilience and strategic adaptation. European Scientific Journal, ESJ, 36, 136-153.
25. UNCTAD. (2016). Le développement économique en Afrique : Dynamique de la dette et financement du développement en Afrique.
26. Yurdaku, H., & Kamasa, R. (2020). Investment through public private partnership (ppp): the impact of ppp activities on the growth of gdp. PressAcademia Procedia (PAP).
2. Bennani, S., & Elhamma, A. (2015), La comptabilité en finance islamique selon les normes AAOIFI. Editions universitaires européennes.
3. Bettignies, & Ross. (2009). Public–private partnerships and the privatization of financing: An incomplete contracts approach. International journal of industrial organization, 27(3), 358-368. HYPERLINK "https://doi.org/10.1016/j.ijindorg.2008.10.004" \o "Persistent link using digital object identifier" \t "_blank" https://doi.org/10.1016/j.ijindorg.2008.10.004
4. Bourbonnais. (2015). Econométrie. Editions Dunod.
5. Delmon, J. (2010). Partenariats public-privé dans le secteur des infrastructures. Guide pratique à l’intention des décideurs publics. La Banque Mondiale.
6. EIB. (2005). Évaluation des projets de type PPP financés par la BEI , Rapport d’évaluation.
7. Elhamma, A. and Moalla, M. (2015). Impact of uncertainty and decentralization on activity-based costing use. International Journal of Accounting and Economics Studies 3 (2), 148-155.
8. Elhamma, A. (2023). Impact of mandatory IFRS adoption on foreign direct investment: the moderating role of conflict of interest regulation. Journal of Financial Reporting and Accounting, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/JFRA-04-2022-0145
9. Elhamma, A. (2023). The relationship between organisational decentralisation, balanced scorecard and its perceived benefits in Moroccan SMEs. International Journal of Accounting, Auditing and Performance Evaluation, 19 (2), 185-202. https://doi.org/10.1504/IJAAPE.2023.132384
10. Elhamma, A. (2024). Determinants of national IFRS adoption: evidence from the Middle East and North Africa region. International Journal of Accounting, Auditing and Performance Evaluation, 20 (1-2), 69-90, https://doi.org/10.1504/IJAAPE.2024.135535
11. Elhamma, A. (2012). The activity based costing in morocco: Adoption and diffusion. Arabian Journal of Business and Management Review, 1 (6), 33-45.
12. Elhamma, A. (2025). Perceived benefits of IFRS adoption in Morocco and French-speaking Sub-Saharan African countries. In F. Albuquerque & P. G. Dos Santos (Eds.), Contemporary innovations in reporting and analysis (pp. 183-210). IGI Global. https://doi.org/10.4018/979-8-3693-5923-5.ch007
13. Hammami, M., & al. (2006). Determinants of Public-Private Partnerships in Infrastructure. IMF Working Paper, WP/06/99.
14. Hodge, G. A. (2000). Privatization: An International Review of Performance. Westview Press
15. Akitoby, B., Schwartz, G., & Hemming, R. (2007). Investissement public et partenariats public–privé. In Investissement public et partenariats public–privé. International Monetary Fund.
16. Lee, M., & al. (2018). Deriving macroeconomic benefits from public–private partnerships in developing Asia. Asian Development Bank Economics Working Paper Series, (551).
17. Loukili, Z., & Elhamma, A. (2024). L’émergence de la politique des partenariats public-privé: Étude comparative Maroc et France. International Journal of Accounting, Finance, Auditing, Management and Economics, 5(6), 190-206.
https://doi.org/10.5281/zenodo.11537330
18. Mapule, M., & al. (2023). Public–private partnerships and economic growth: a sectoral analysis from developing countries. International Journal of Construction Management. Récupéré sur https://doi.org/10.1080/15623599.2023.2217374
19. MEF. (2018). Guide du Partenariat Public privé. Direction des Entreprises Publiques et de la Privatisation. Ministère de l'Economie et des Finances. http://www.finances.gov.ma/
20. OECD. (2008). Partenariat Public Privé : partager les risques et optimiser les ressources.
21. Pimentel, I., & al. (2017). The impact of investment in Public Private Partnerships on Public, Private investment and GDP in Portugal. Department of Economics.Lisbon School of Economics & Management. DOI:10.13140/RG.2.2.17117.46568
22. The World Bank. (2016). Government Objectives: Benefits and Risks of PPPs . Public private partnership.
23. The World bank. (2017). PPP COUNTRY PROFILE – Morocco.
24. Snoussi, N., & Elhamma, A. (2024). The pivotal role of management control in times of crisis: Enhancing organizational resilience and strategic adaptation. European Scientific Journal, ESJ, 36, 136-153.
25. UNCTAD. (2016). Le développement économique en Afrique : Dynamique de la dette et financement du développement en Afrique.
26. Yurdaku, H., & Kamasa, R. (2020). Investment through public private partnership (ppp): the impact of ppp activities on the growth of gdp. PressAcademia Procedia (PAP).
Published
2024-12-28
How to Cite
Loukili, Z., & El Hamma, A. (2024). Public-private partnership and economic growth in Morocco: An empirical análisis. European Scientific Journal, ESJ, 36, 563. Retrieved from https://eujournal.org/index.php/esj/article/view/18920
Section
ESI Preprints
Copyright (c) 2024 Zineb Loukili, Azzouz El Hamma
This work is licensed under a Creative Commons Attribution 4.0 International License.
