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Fostering Higher Growth and Employment in the Kingdom of Morocco

ACCELERATING GROWTH ACCOUNTING MODELS ADJUSTED INCOME ADJUSTMENT POLICY AGGREGATE LEVEL AGRICULTURAL SECTOR AGRICULTURE ANNUAL GROWTH ANTI-EXPORT BIAS AVERAGE ANNUAL GROWTH AVERAGE TARIFFS BANKS BASE YEAR BENCHMARK CAPITA INCOME GROWTH CAPITAL FORMATION CAPITAL-INTENSIVE INDUSTRIES CD COMPARATOR COUNTRIES COMPETITIVE PRESSURES COMPETITIVENESS CONSOLIDATION CONSUMER PRICE INDEX CONSUMER PRICES CONVERGENCE COUNTRY REGRESSIONS COUNTRY RISK CROSS-COUNTRY REGRESSIONS CUSTOMS DEBT DECISION TREE DEMOCRATIC INSTITUTIONS DEVELOPING COUNTRIES DEVELOPING COUNTRY DEVELOPMENT INDICATORS DEVELOPMENT STRATEGY DOMESTIC DEMAND DOMESTIC MARKET ECONOMIC ACTIVITY ECONOMIC CONVERGENCE ECONOMIC COOPERATION ECONOMIC GROWTH ECONOMIC OPPORTUNITIES ECONOMIC PERFORMANCE ECONOMIC RESEARCH ECONOMIC STABILITY ECONOMIC THEORY ECONOMIC TRENDS EMERGING MARKETS ENDOGENOUS GROWTH EXCESS LIQUIDITY EXCHANGE RATE POLICY EXCHANGE RATE REGIME EXPORT DIVERSIFICATION EXPORT EARNINGS EXPORT GROWTH EXPORT PERFORMANCE EXPORT SECTOR EXPORTS EXTERNAL CONDITIONS EXTERNAL DEBT EXTERNAL SHOCKS EXTERNALITIES FACTORS OF PRODUCTION FINANCIAL SECTOR FINANCIAL SYSTEM FOREIGN DIRECT INVESTMENT FOREIGN OWNERSHIP FREE TRADE FREE TRADE AGREEMENT FREE TRADE AGREEMENTS FREE TRADE ZONE GDP PER CAPITA GEOGRAPHIC PROXIMITY GROSS DOMESTIC PRODUCT GROSS NATIONAL SAVINGS GROWTH GROWTH ACCOUNTING GROWTH MODELS GROWTH PERFORMANCE GROWTH RATE GROWTH RATES GROWTH STRATEGIES HIGH GROWTH HIGH VOLATILITY HUMAN CAPITAL HUMAN DEVELOPMENT IMPORT-SUBSTITUTION INDUSTRIALIZATION INCOME GROWTH INCOME PER CAPITA INCREASE INDUSTRIAL SECTOR INDUSTRIALIZATION INFLATION INSURANCE INTELLECTUAL PROPERTY INTELLECTUAL PROPERTY RIGHTS INTERNAL IMBALANCES INTERNATIONAL MARKETS INTERNATIONAL RESERVES INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTMENT RATES KNOWLEDGE CAPITAL KNOWLEDGE ECONOMY KNOWLEDGE SPILLOVER LABOR COSTS LABOR FORCE LABOR FORCE GROWTH LABOR MARKET LABOR MARKETS LABOR PRODUCTIVITY LEGAL STATUS LIQUIDITY LIVING STANDARDS LONG-TERM GROWTH MACROECONOMIC ADJUSTMENT MACROECONOMIC ENVIRONMENT MACROECONOMIC INSTABILITY MACROECONOMIC POLICIES MARGINAL TAX MARGINAL TAX RATES MARKET FAILURES MARKET FORCES MARKET SHARE MEDIUM TERM MEMBER COUNTRIES MIDDLE EAST MIGRATION MONETARY POLICY NATIONAL ACCOUNTS NATURAL RESOURCES NEIGHBORING COUNTRIES NEOCLASSICAL GROWTH MODEL NONTARIFF BARRIERS OIL PRICES PER CAPITA INCOME PER CAPITA INCOMES POLICY PROPOSALS POVERTY RATES POVERTY REDUCTION PREFERENTIAL TRADE PREFERENTIAL TRADE ARRANGEMENTS PRICE STABILITY PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCTION COSTS PRODUCTIVITY PRODUCTIVITY GROWTH PROMOTION POLICIES PROPERTY RIGHTS PROTECTIONISM PUBLIC DEBT PUBLIC SECTOR PURCHASING POWER RAPID GROWTH REAL EXCHANGE RATE REAL GDP REAL WAGE REAL WAGE RATES REGIONAL MARKET RELATIVE POSITION RELATIVE PRICES SECTORAL COMPOSITION SKILLED WORKERS SOCIAL STABILITY STABILIZATION POLICIES STANDARD DEVIATION STATE INTERVENTION STRUCTURAL CHANGES STRUCTURAL REFORMS SUBSIDIARY SUBSIDIARY RIGHTS SUSTAINABLE GROWTH TARIFF REDUCTIONS TAX REVENUES TAXATION TECHNOLOGICAL CHANGE TECHNOLOGICAL CHANGES TECHNOLOGICAL PROGRESS TELECOMMUNICATIONS TFP TOTAL FACTOR PRODUCTIVITY TRADE AGREEMENTS TRADE DEFICIT TRADE LIBERALIZATION TRADE REGIME UNDERESTIMATES UNEMPLOYMENT UNEMPLOYMENT RATE URBANIZATION VALUE-ADDED TAX WAGES WORLD TRADE WORLD TRADE ORGANIZATION WTO
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Washington, DC: World Bank
Middle East and North Africa | Morocco
2012-06-05T15:44:55Z | 2012-06-05T15:44:55Z | 2006

This book identifies the binding constraints to growth of Morocco. It applies an innovative procedure known as "growth diagnostic" and has a central finding. The Moroccan economy suffers from a too slow process of structural transformation for achieving higher growth, especially for its exports that face unfavorable external shocks arising from competitor countries in the main markets for Moroccan exports. This process of so-called "productive diversification" requires that Morocco enhance its competitiveness.

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