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200301 ||| eng |
| 020 |
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|a 9781498325905
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| 245 |
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|a Morocco
|b Selected Issues
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| 260 |
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|a Washington, D.C.
|b International Monetary Fund
|c 2019
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| 300 |
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|a 29 pages
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| 651 |
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4 |
|a Morocco
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| 653 |
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|a Labor Economics Policies
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| 653 |
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|a Labour
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| 653 |
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|a Labor market reforms
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| 653 |
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|a Unemployment: Models, Duration, Incidence, and Job Search
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| 653 |
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|a Job creation
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| 653 |
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|a Unemployment
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| 653 |
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|a Labor markets
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| 653 |
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|a Aggregate Labor Productivity
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| 653 |
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|a Demand and Supply of Labor: General
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| 653 |
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|a Aggregate Human Capital
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| 653 |
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|a Labor
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| 653 |
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|a Manpower policy
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| 653 |
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|a Labor Demand
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| 653 |
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|a Labor market
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| 653 |
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|a Wages
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| 653 |
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|a Economic theory
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| 653 |
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|a Intergenerational Income Distribution
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| 653 |
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|a Income economics
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| 653 |
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|a Employment
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| 710 |
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|a International Monetary Fund
|b Middle East and Central Asia Dept
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| 041 |
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|a eng
|2 ISO 639-2
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| 989 |
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|b IMF
|a International Monetary Fund
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| 490 |
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|a IMF Staff Country Reports
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| 028 |
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|a 10.5089/9781498325905.002
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| 856 |
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|u https://elibrary.imf.org/view/journals/002/2019/231/002.2019.issue-231-en.xml?cid=47115-com-dsp-marc
|x Verlag
|3 Volltext
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| 082 |
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|a 330
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|a This Selected Issues paper studies the potential for well-sequenced labor and product market reforms to play a more important role in promoting growth and job creation in Morocco. A Dynamic General Equilibrium model is used to assess the macroeconomic effects of different reform scenarios (isolated, coordinated, or sequenced) that reduce hiring costs and/or firms’ entry costs in the presence of a large informal sector. The paper highlights that reforms are most effective if executed in a coordinated fashion, as implementing simultaneous reforms in the labor and product markets could add about 2.5 percent of gross domestic product growth and reduce unemployment by about 2.2 percentage points after five years. If reforms are to be introduced sequentially, due for instance to capacity or political economy constraints, starting with product market reforms is more effective in boosting output in the short-run while starting with labor market reforms would reduce unemployment faster
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