An economic essay on the causal link between human capital and economic growth: the case of morocco

Abstract

The objective of this paper is to identify the relationship between education and economic growth in the case of Morocco. It argues that the low performance of education in Morocco, both from a quantitative point of view (delay in the generalization of access to the system) and from a quality point of view (mismatch between training and the needs of the national economy in terms of manpower, etc.) is one of the fundamental factors in the explanation of the low levels of economic growth of the country.

An econometric estimation on Moroccan data, was carried out over the period 1971-2017 to empirically validate the relationship between education and growth. The econometric techniques of stationarity study, VAR, causality and cointegration were used to identify the existence and direction of the relationship. The results obtained tend to confirm the non-existence of a positive relationship between education (proxied by enrollment rates in the three levels of primary, secondary and higher education) and economic growth in Morocco.