Publication:
Product and Factor Market Distortions: The Case of the Manufacturing Sector in Morocco

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dc.contributor.authorDiaz-Sanchez, Jose L.
dc.contributor.authorChauffour, Jean-Pierre
dc.date.accessioned2017-10-20T21:31:43Z
dc.date.available2017-10-20T21:31:43Z
dc.date.issued2017-10
dc.description.abstractThis paper studies the effect of market distortions in the manufacturing sector in Morocco. Recent microdata are used to calculate the extent of resource misallocation associated to these distortions and the potential total factor productivity (TFP) gain resulting from their removal. Market distortions in the manufacturing sector in Morocco are higher compared with developed countries and slightly more important compared with other developing countries, such as China and India. These distortions decreased between 2007 and 2013. Full liberalization would raise TFP by about 84 percent. If distortions are removed to the level of selected developed countries with better resource allocation, the increase in TFP would be of 56 percent. The paper also finds that industries that are more opened to competition (international and domestic) such as machinery and textiles industries present lower levels of market distortions compared with more protected industries with relatively little competition, such as the food industry. Besides, a higher level of TFP can be achieved if more resources are allocated to “young” and “small” firms. The main results of the paper are robust to an alternative estimation that uses a different methodological framework with a less extensive theoretical framework. The paper discusses policies to further limit the extent of product and factor market distortions in Morocco.en
dc.identifierhttp://documents.worldbank.org/curated/en/926251507902541656/Product-and-factor-market-distortions-the-case-of-the-manufacturing-sector-in-Morocco
dc.identifier.doi10.1596/1813-9450-8218
dc.identifier.urihttps://hdl.handle.net/10986/28553
dc.languageEnglish
dc.language.isoen_US
dc.publisherWorld Bank, Washington, DC
dc.relation.ispartofseriesPolicy Research Working Paper;No. 8218
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo
dc.subjectTFP
dc.subjectMARKET DISTORTIONS
dc.subjectRESOURCE MISALLOCATION
dc.subjectPRODUCTIVITY
dc.subjectMANUFACTURING
dc.titleProduct and Factor Market Distortionsen
dc.title.subtitleThe Case of the Manufacturing Sector in Moroccoen
dc.typeWorking Paperen
dc.typeDocument de travailfr
dc.typeDocumento de trabajoes
dspace.entity.typePublication
okr.crossref.titleProduct and Factor Market Distortions: The Case of the Manufacturing Sector in Morocco
okr.date.disclosure2017-10-13
okr.doctypePublications & Research
okr.doctypePublications & Research::Policy Research Working Paper
okr.docurlhttp://documents.worldbank.org/curated/en/926251507902541656/Product-and-factor-market-distortions-the-case-of-the-manufacturing-sector-in-Morocco
okr.guid926251507902541656
okr.identifier.doi10.1596/1813-9450-8218
okr.identifier.externaldocumentum090224b0850cbba1_1_0
okr.identifier.internaldocumentum28077892
okr.identifier.reportWPS8218
okr.importedtrue
okr.language.supporteden
okr.pdfurlhttp://documents.worldbank.org/curated/en/926251507902541656/pdf/WPS8218.pdfen
okr.region.administrativeMiddle East and North Africa
okr.region.countryMorocco
okr.statistics.combined2672
okr.statistics.dr926251507902541656
okr.statistics.drstats2279
okr.topicIndustry::Industrial Economics
okr.topicMacroeconomics and Economic Growth::Economic Theory & Research
okr.unitMacroeconomics and Fiscal Management Global Practice
relation.isAuthorOfPublication5441e55e-edac-5b42-8297-cfb18446576e
relation.isAuthorOfPublication.latestForDiscovery5441e55e-edac-5b42-8297-cfb18446576e
relation.isSeriesOfPublication26e071dc-b0bf-409c-b982-df2970295c87
relation.isSeriesOfPublication.latestForDiscovery26e071dc-b0bf-409c-b982-df2970295c87
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