This article quantitatively studies the macroeconomic impact of creating a free trade area between Morocco and the European Union, while underlining its effects regarding migratory flow. The analysis framework is a computable general equilibrium model which assumes the following new...

We build a computable general equilibrium model with overlapping generations of agents and an endogenous growth specification à la Lucas. Two main issues are addressed: (i) to what extent does endogenous growth play a significant role in the face of policy reform and (ii) are the simulation...

In this paper, we measure, using Moroccan data, the misalignment of the real exchange rate of the Dirham, based on estimates in respect of the period from 1980 to 2012, a long term relationship between the real exchange rate and its fundamentals: namely terms of trade, trade policy, the growth...

This note analyzes a model of endogenous fertility in the presence of financial market assets and social security pensions. Given the children externality, the fertility rate chosen in a market economy is too low compared to the Social Optimum, asking for a corrective policy. Indeed, the...

This paper highlights formally the interaction existing between the quality of institutional governance, the education sector and economic growth. More fundamentally, we show how the quality of institutional governance matters in giving directly the appropriate incentives for human capital...

The article examines the impact of labor mobility cost subsidy on levels of emigrations between two identical countries. The analysis is led in an OLG model with two countries. The analysis is conducted as part of an overlapping generations model with two countries. Individuals bear the cost of...

This study proposes to examine the impact of tourism activity on the economic growth of Morocco and Tunisia. We contribute here to the empirical literature on the tourism-led growth (TLG) hypothesis, by adopting the error correction model framework, the cointegration and Granger Causality tests...

Under Principal-Agent-Supervisor paradigm, we examine in this paper how a tax collection agency changes optimal schemes in order to lessen the occurrence of corruption between the tax collector and the taxpayer. The Principal, who maximizes the expected net fiscal revenue, reacts by decreasing...