DAY 1 - The 18th Annual Conference of the Arab Society for Economic Research

The current economic, political and geo-strategic dynamics, centered on the major regional groups, announce a reconfiguration of the international order in which Africa is called to play an important role through its main continental institution which is the Union African Union (AU). The AU is increasingly emerging as the continent's platform with foreign partners, and continues to face problems of dependence, governance and leadership. Therefore, in a critical and forward-looking a ...

Les dynamiques économiques, politiques et géostratégiques actuelles, centrées sur les grands ensembles régionaux, annoncent une reconfiguration de l'ordre international dans lequel l'Afrique est appelée à jouer un rôle important et ce, à travers sa principale institution continentale qui est l'Union africaine (UA). Erigée de plus en plus comme l'interlocutrice du continent vis-à vis des partenaires étrangers, l'UA reste confrontée à des problèmes de dépendance, de gouvernance et de ...

This paper reports on the recent developments in the construction of an interregional input-output matrix for Morocco (IIOM-MOR). As part of an ongoing project that aims to specify and calibrate an interregional CGE (ICGE) model for the country, a fully specified interregional input-output database was developed under conditions of limited information. Such database is needed for future calibration of the ICGE model. We conduct an analysis of the intraregional and interregional shar ...

Thinking creatively the bilateral relationship of Brazil and Morocco is quintessential for enhancing its reach and possibilities. The world is currently facing enormous changes whose outcomes are unpredictable. From a revival in the cold war realist dispute of power between the United States and Russia, the collapse of International Law in relation to Ukraine, Crimea and the South China Sea, BREXIT and the imponderable results that may impact the European Union and to the possible d ...

The global unemployment rate is expected to remain stable this year at about 5.7 percent and then decline in the coming years. The total number of people unemployed around the globe will remain at about 175 million this year. Unemployment rates are expected to decline in most advanced economies, but expected to be higher this year (compared to last year) in many emerging markets. Venezuela’s unemployment rate is expected to increase by 4 percentage points between 2016 and 2017, with ...

Le processus continu et renforcé de l’accumulation du capital physique, dans lequel s’est engagé le Maroc depuis le début des années 2000, a permis de préserver la stabilité des équilibres fondamentaux et d’amortir les différents chocs exogènes, aussi bien internes qu’externes. Cependant, cet effort d’accumulation n’a pas permis d’insuffler un accroissement significatif des gains de productivité et d’accélérer la transformation de la base productive. Ce Policy Brief propose de décri ...

The continuous and reinforced process of accumulating physical capital, in which Morocco has embarked since the early 2000s, has helped to preserve the stability of the fundamental equilibrium and cushion the economy from various external and exogenous shocks. However, these accumulation efforts have not led to a significant increase in productivity gains or to an accelerated transformation of the productive base. This Policy Brief aims to describe the underpinnings of the capital a ...

The world economy – and emerging market and developing economies in particular – display a gap between infrastructure needs and its finance (Canuto, 2014). On the one hand, infrastructure investment has fallen far short of what would be necessary to support potential growth. On the other hand, abundant financial resources in world markets have been facing very low and decreasing interest rates, whereas opportunities of higher return from potential infrastructure assets are missed. H ...

Brazil’s labor and total-factor productivity (TFP) have featured anemic increases in the last decades (Canuto, 2016). As we illustrate here, contrary to common view, sector structures of the Brazilian GDP and employment cannot be singled out as major determinants of productivity performance. Horizontal, cross-sector factors hampering productivity increases seem to carry more weight. Brazil’s productivity performance has been dismal Since the end of the 1970s, the Brazilian labor p ...