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The Macroeconomic Effects of Labor and Product Market Reforms in Morocco

This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If sequencing...

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Bibliographic Details
Main Author: Sarr, Babacar
Other Authors: Benlamine, Mokhtar, Munkacsi, Zsuzsa
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2019
Series:IMF Working Papers
Subjects:
Unemployment Insurance
Labor Economics Policies
Labour
Public Finance & Taxation
Labor Market Reforms
Unemployment: Models, Duration, Incidence, And Job Search
Open Economy Macroeconomics
Unemployment
Labor Markets
Aggregate Labor Productivity
Demand And Supply Of Labor: General
Aggregate Human Capital
Labor
Expenditure
Informal Economy
Manpower Policy
Severance Pay
Plant Closings
Labor Market
Unemployment Benefits
Wages
Underground Econom
Economic Theory
Intergenerational Income Distribution
Public Finance
Income Economics
Employment
Morocco
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
Description
Summary:This paper studies the macroeconomic effects and sequencing of (LMRs) and product (PMRs) market reforms in Morocco. It finds that introducing LMRs and PMRs simultaneously would add about 2.5 percentage points (pp) of GDP growth and reduce unemployment by about 2.2 pp after five years. If sequencing is required, starting with PMRs would be more effective in boosting output, while starting with LMRs would reduce unemployment faster. Finally, increasing unemployment benefits would be more effective if this reform takes place after the implementation of LMRs and PMRs
Physical Description:35 pages
ISBN:9781513513768

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