Contribution of intangible capital to economic growth in Morocco

Abstract

The objective of this study is to examine the contribution of intangible capital to economic growth in Morocco, with an econometric model linking variables from the literature and likely to show the link between intangible capital and economic growth in Morocco. Our research is built by secondary data on 27 observations, taking the period from 1990 to 2017 by data from the World Bank and UNDP database. To do this, we will follow an OLS (Ordinary Least Square) approach to estimate the coefficients attached to each explanatory variable, using the E-VIEWS-10 software. After analyzing these data, we concluded that intangible capital contributes significantly to economic growth in Morocco, thanks to the significance of human and social capital, and more particularly the results obtained in Morocco to show that investment in social capital has a significant effect on economic growth, even if it there is a shortfall between terms of human and social capital, but according to the results obtained, GDP per capita is significantly influenced by human capital (TSP) but with an unexpected negative sign, and on the other hand, the GDP per capita is positively influenced by institutional capital (RGDR) but with an insignificant parameter. that of economic growth in the literature review; the results of our study give rise to various criticisms, as well as to a deepening of research on the subject with an extension of the period of study which is due to the inaccessibility to updated databases.

Keywords: intangible capital, human capital, social capital, institutional capital, economic growth.

JEL Classification: O11,E61

Paper type: Empirical research.