Moroccan private education sector; investment drivers, profitability and resilience in the face of crises

Abstract

This paper sets out to estimate the private sector's contribution to Morocco’s education effort through direct investment, to identify its determinants and determine its profitability in return on investment it generates, and ultimately to assess its resilience during periods of crisis, in our case the 2008 financial crisis and the COVID19 health crisis.

At the macroeconomic level, the results reveal a significant return on investment for the sector, approaching 20%, specific investment drivers, and a nuanced resilience to crises : strong  in the case of the 2008 crisis and vulnerable in the case of the Covid19 one.

Despite its full expansion, and its positioning as a place of choice on which all stakeholders are banking: decision-makers, households and investors, investment in the sector is currently far away from fulfilling the mission assigned to it, and is unfortunately inculcating socio-economic disparities among the youngest people, thus hitting hard at the principles of equity and quality in the acquisition of knowledge.

The followed approach is Interpretative Phenomenological Analysis (IPA) through Preferred Reporting Items for Systematic Reviews and Meta-Analyses (PRISMA), related in terms of macroeconomic level.