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Article
Publication date: 30 December 2022

Jihad Ait Soussane, Dalal Mansouri and Zahra Mansouri

This study aims to identify the impact of foreign direct investment (FDI) on economic growth in Morocco depending on each origin country, including Spain. This study uses a linear…

Abstract

Purpose

This study aims to identify the impact of foreign direct investment (FDI) on economic growth in Morocco depending on each origin country, including Spain. This study uses a linear model to measure the marginal impact of FDI on the growth of Morocco. This marginal effect allows to compare the different effects of FDI among countries of origin. Also, the marginal effect helps to measure the rate of substitution between FDI in an easier way than the other specifications of the model. The second step determines the substitute for Spain in case he decides to divest its FDI from Morocco to maintain the economic growth.

Design/methodology/approach

Using data of FDI from 13 countries of origin from 1995 to 2020 and two estimation methods (Dynamic Ordinary Least Squares and Autoregressive model), this study aims to measure the marginal impact of the divestment of FDI from Spain on growth. Then this study estimates how much Morocco should attract FDI from other countries when Spain divests. This study uses the differential calculus, assuming a perfect substitution between FDI from different countries. This calculus implies an indifference curve between FDI from Spain and FDI from another country where we deduct the substitution rates between FDI.

Findings

The results indicate that the FDI from Spain and France are the only ones to impact positively Moroccan economic growth. The FDI coming from Germany, Holland, China and Turkey have a negative impact, whereas those from the USA, Italy, UK, Switzerland and Gulf countries: Saudi Arabia, Kuwait and UAE have an insignificant effect. Second, using the differential calculus, the result indicates that when Spain divests 1m dirhams of its investments from Morocco, France would have to increase its own by 0.1509m dirhams so that Morocco could maintain its economic growth.

Research limitations/implications

The research focuses only on economic growth, neglecting the impact on other aggregates, such as total factor productivity, technology transfer and employment. Also, this research marginalized the sectorial analysis of FDI by the source to better understand the divergent effects.

Originality/value

This paper fills a research gap when analyzing the effect of FDI on the host economy depending on country-of-origin. In addition, it contributes to the body of literature by constructing the rate of substitution between the different sources of FDI to adapt to divestment policy.

Expert briefing
Publication date: 27 February 2023

The spat between the two parliaments reflects tensions between Rabat and Brussels. Morocco is lobbying for EU recognition of its sovereignty over the disputed Western Sahara. Its…

Details

DOI: 10.1108/OXAN-DB276322

ISSN: 2633-304X

Keywords

Geographic
Topical
Expert briefing
Publication date: 18 February 2020

Outlook for EU-Morocco ties.

Expert briefing
Publication date: 1 April 2022

With this new policy, Madrid has abandoned a longstanding position of neutrality on Western Saharan independence from Morocco, a matter of great importance for many Spaniards…

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DOI: 10.1108/OXAN-DB268338

ISSN: 2633-304X

Keywords

Geographic
Topical
Expert briefing
Publication date: 23 June 2022

Earlier this month, Algiers suspended a 2002 Treaty of Friendship, Good Neighbourliness and Cooperation with Spain, as well as imports from Spain -- though there was some…

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DOI: 10.1108/OXAN-DB271032

ISSN: 2633-304X

Keywords

Geographic
Topical
Article
Publication date: 1 January 2006

Elia Marzal

The object of this research is the reconstruction of the existing legal response by European Union states to the phenomenon of immigration. It seeks to analyse the process of…

3521

Abstract

Purpose

The object of this research is the reconstruction of the existing legal response by European Union states to the phenomenon of immigration. It seeks to analyse the process of conferral of protection.

Design/methodology/approach

One main dimension is selected and discussed: the case law of the national courts. The study focuses on the legal status of immigrants resulting from the intervention of these national courts.

Findings

The research shows that although the courts have conferred an increasing protection on immigrants, this has not challenged the fundamental principle of the sovereignty of the states to decide, according to their discretionary prerogatives, which immigrants are allowed to enter and stay in their territories. Notwithstanding the differences in the general constitutional and legal structures, the research also shows that the courts of the three countries considered – France, Germany and Spain – have progressively moved towards converging solutions in protecting immigrants.

Originality/value

The research contributes to a better understanding of the different legal orders analysed.

Details

Managerial Law, vol. 48 no. 1/2
Type: Research Article
ISSN: 0309-0558

Keywords

Book part
Publication date: 20 December 2017

Jonathan Wyrtzen

Why and how was the territorialized state form disseminated through colonial expansion? To begin to answer this question, this study proposes a relational account of the…

Abstract

Why and how was the territorialized state form disseminated through colonial expansion? To begin to answer this question, this study proposes a relational account of the production of territorialized state space, drawing on empirical evidence from two understudied cases of colonial expansion in the early 20th century: Spain in Morocco and Italy in Libya. Drawing on colonial and local archival sources, I demonstrate how colonial territoriality resulted from a violent clash between an aspiring colonial power and a reactive, rural counter-state building movement, led by the Amir Abd al-Krim in the Rif Mountains of northern Morocco and the Sanusi leader, Omar al-Mokhtar, in Cyrenaica in eastern Libya. Territorialization was not imposed from the outside by a European colonial power. Rather, it was produced relationally through violent interactions between the colonial state and a local autonomous political entity. This analysis contributes to the still-nascent study of colonial state space and to contemporary policy debates about political order in North Africa and the Middle East by emphasizing the importance of local political mobilization, the complexity of interactions catalyzed across local and translocal scales by colonial expansion, and the high levels of physical violence endemic to the production of territorialized state space.

Details

Rethinking the Colonial State
Type: Book
ISBN: 978-1-78714-655-6

Keywords

Article
Publication date: 12 August 2020

Mohammed Ahmad Naheem

Morocco is an expanding developing economy in North Africa with increasing bilateral trade relations with larger economies. This paper aims to examine the features of the…

Abstract

Purpose

Morocco is an expanding developing economy in North Africa with increasing bilateral trade relations with larger economies. This paper aims to examine the features of the expanding market economy and the preceding structural reforms initiated by King Mohammed VI. The paper’s primary focus is to study the systematic feature of anti-money laundering and combatting of terrorist financing (AML/CTF). Morocco has emerged as a staunch opponent of terrorism and terrorist financing while garnering joint-investigative operations with European countries against transnational organised crime and money laundering.

Design/methodology/approach

The paper is divided into two primary series. The first is a view of Morocco’s economy, with a qualitative analysis of significant economic, political and social structural reforms. Second, a qualitative and quantitative analysis of Morocco’s AML and combating of terrorist financing infrastructure is assessed. The qualitative analysis is conducted in two parts; first, by studying the country’s AML/CTF legislation and regulation, and second, by examining the independent international evaluation of the legal structure and its implementation by authorities. The quantitative analysis is conducted by investigating the available statistics relating to money laundering and terrorist financing.

Findings

The paper finds Morocco to have accomplished essential economic reforms, especially considering greater institutional management and autonomy. Other structural reforms include the reformation of the constitution, a more comfortable business climate, social development projects focusing on enhancing skill labour and connectivity and the development of strong trade capacity. The primary objective discovery concerns the country’s AML/CTF structure, which is found to comply with international standards. Also, efforts enhancing the country’s regulatory environment with low corruption, low risk of money laundering and low risk of terrorist financing have been taken in a series of legislative amendments and programs. The banking sector and Morocco’s Customs agency have reflected the best improvement as per the study in this paper.

Practical implications

Morocco is witnessing high levels of investment, with year-on-year growth in most existing industrial sectors. The market is also providing for new skilled labour and better trade incentives with the European Union. It is essential for investors, observers and policymakers to understand the market economy reforms and systematic deficiencies in a developing economy. Morocco presents observers with information about policies pre-reform, providing a guide for economic and AML/CTF policy implementation elsewhere.

Originality/value

The paper concerns itself with two levels of analysis concerning Morocco. The first, broad study, is a review of market economy reforms, which are mostly structural and have assisted in the expansion of the economy greatly. The second objective is specific to examining the country’s AML/CTF structure, which has undergone significant development in legislation, regulation and implementation in the past decade. The paper makes a specific attempt to discuss associate indicators to the AML/CTF network as a part of this study.

Details

Journal of Money Laundering Control, vol. 24 no. 2
Type: Research Article
ISSN: 1368-5201

Keywords

Expert briefing
Publication date: 20 August 2021

In June, Morocco accused Algeria of illicitly facilitating the transfer of Western Saharan independence leader Brahim Ghali to Spain for medical treatment. In July, an…

Details

DOI: 10.1108/OXAN-DB263612

ISSN: 2633-304X

Keywords

Geographic
Topical
Expert briefing
Publication date: 1 October 2021

The pipeline transit agreement is set to expire at the end of October. It comes as tensions between Morocco and Algeria have escalated, with the latter cutting diplomatic ties…

Details

DOI: 10.1108/OXAN-DB264481

ISSN: 2633-304X

Keywords

Geographic
Topical
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