The impact of technological innovation on economic growth in Morocco: Theoretical elements and empirical analysis test

Abstract

In a dynamic and evolving environment, competition has become increasingly fierce. The creation of economic wealth at the national level largely depends on the competitiveness of the productive system, particularly through the performance of companies operating within the country.

Technological innovation is one of the key determinants of a country's economic growth and development, providing a source of comparative and competitive advantage for businesses within the global value chain.

This article aims to thoroughly examine the effect of technological innovation on the economic growth of Morocco over a period from 1990 to 2021. To achieve this objective, a two-fold approach was adopted, including a detailed theoretical analysis of the relationship between technological innovation and economic growth, as well as a comprehensive review of the literature on the main theoretical streams in this field. Furthermore, an empirical analysis was conducted to specifically assess the impact of technological innovation on Morocco's economic growth.

The results of this article confirm that technological innovation has a positive and significant effect on economic growth in Morocco, serving as a source of competitive advantage for the country compared to others. These findings highlight the importance of promoting and supporting technological innovation as a key strategy to foster economic growth and enhance the competitiveness of countries on the global stage.

Keywords: Technological innovation, economic growth, econometric model, competitive advantage

JEL Classification: O1, O3, O4

Paper type: Empirical research