brahim ELMORCHID - Academia.edu (original) (raw)

Papers by brahim ELMORCHID

Zenodo (CERN European Organization for Nuclear Research), Dec 15, 2022

En dépit des efforts déployés et des multiples réformes de politiques industrielles et commercial... more En dépit des efforts déployés et des multiples réformes de politiques industrielles et commerciales adoptées afin de mener une conversion économique s'inscrivant dans un processus d'émergence, les pays nord-africains n'ont pas pu réussir cette mise à niveau de leurs exportations. Ainsi, leur croissance économique demeure statique. Dans ce papier nous effectuerons une analyse de l'impact de la complexité économique sur la croissance dans les pays nord-africains (Mauritanie, Maroc, Algérie, Tunisie, Lybie, Égypte, Soudan) sur la période 2002-2019. Diverses conclusions sont dénombrées à l'issue de ce travail, grâce à l'application d'une méthodologie en données de panel ARDL couvrant les sept pays ciblés au cours de la période susmentionnée. Les résultats montrent que la complexité économique a un effet négatif sur la croissance économique sur le court terme, ce qui se transforme en un effet positif sur le long terme. Ainsi, la conclusion à retenir c'est que la complexité économique est-positivement-plus significative sur la croissance économique à long terme.

CERN European Organization for Nuclear Research - Zenodo, Jun 6, 2022

Déclaration de divulgation : Les auteurs n'ont pas connaissance de quelconque financement qui pou... more Déclaration de divulgation : Les auteurs n'ont pas connaissance de quelconque financement qui pourrait affecter l'objectivité de cette étude. Conflit d'intérêts : Les auteurs ne signalent aucun conflit d'intérêts. Citer cet article GHRARA, S., & ELMORCHID, B. (2022). Congés fiscaux et afflux des IDE dans les pays de la CEDEAO : Une application à l'aide de l'approche PMG.

Liquidity has always been a central concern of organized financial market authorities. It is a de... more Liquidity has always been a central concern of organized financial market authorities. It is a desirable element, as it is one of the preconditions for efficient markets. It also allows for a better allocation of resources and therefore a better prospect for wealth creation. A precise definition and a unified measure of this notion of liquidity, however, remain ambiguous. This ambiguity arises from the evolving trend in the theoretical conceptualization of the general notion of liquidity and the possibility of confusing the notion of liquidity of a market with that of an asset. Moreover, the liquidity of a market is internally linked to its organizational structure. This link is all the stronger since the hypothesis of market efficiency has often been called into question, and since stock markets increasingly rely on new information technologies. It is in this context that a fairly rich literature in the field of stock market microstructure has focused on identifying the determinant...

La littérature économique et financière traitant du sujet de la rentabilité bancaire s'est so... more La littérature économique et financière traitant du sujet de la rentabilité bancaire s'est souvent basée dans la mesure du résultat bancaire sur trois principaux indicateurs : le ROA (Return On Assets), le ROE (Return On Equity, et la MIN (Net Interest Margin). La rentabilité bancaire est fonction de plusieurs facteurs. Cet article se propose de déterminer et d'analyser les différents déterminants qui influent sur la rentabilité bancaire et afin de cerner l'impact de ces déterminants sur la rentabilité des banques marocaines. Notre travail a focalisé sur un échantillon des six banques marocaines cotées à la Bourse de Casablanca. A cet effet, on a adopté un modèle à effet individuel fixe pour le dit échantillon. Nos estimations ont été réalisées à trois niveaux selon trois catégories de facteurs de la rentabilité : facteurs de banque, facteurs du système bancaire et facteurs macroéconomiques, et puis à niveau global en impliquant les trois catégories de facteurs simultané...

Istishraf for Future Studies, 2020

Videophilosophy, 2019

The original title was "Machines that Crystallize Time: Perception and Labor in Post-Fordism." Th... more The original title was "Machines that Crystallize Time: Perception and Labor in Post-Fordism." The manuscript was then rewritten and published in Italian as Videophilosophy: The Perception of Time in Post-Fordism in 1997, the same year as his Immaterial Labor: Forms of Life and the Production of Subjectivity. 1 Of course, Lazzarato is best known internationally for his concept of immaterial labor. However, while this latter book is more a treatise on contemporary political economy, Videophilosophy is a book of speculative philosophy that can be understood as providing the conceptual ground for Lazzarato's work as a whole and, especially, for his recent forays into the politics of art. As such, Videophilosophy lies at the heart of Lazzarato's conceptual apparatus and is therefore the book that most clearly distinguishes him philosophically from his peers. His singular intervention into the recent conversations concerning post-Marxist political ontology as well as the politics of aesthetics is ultimately connected to his reliance on Henri Bergson and x

The arrival of Islamist parties to power in some Arab countries (Egypt, Tunisia and Morocco) incr... more The arrival of Islamist parties to power in some Arab countries (Egypt, Tunisia and Morocco) increases hopes for the people. But the strong mobilization of representative Deep State structures has created a climate of uncertainty. Because of its strong ability to respond, the deep state is able to cause serious harm to any attempt to change aspired by Islamists. Using the Principal-Agent Approach, we show that in the absence of asymmetric information, there is an optimal risk sharing between the Deep State (Principal) and the Islamist Government (Agent). Both parties have the opportunity to enter into an implicit and informal contract that allows them to preserve not only their interests but also those of the nation. Given the risk of escalation, it seems that the analyzed Arab countries still need a strong and benevolent Deep State.

The paper investigates the determinants of FDI to Arab countries in order to single out policies ... more The paper investigates the determinants of FDI to Arab countries in order to single out policies that allow continuing attraction of more FDI. The analysis is conducted in a comparative perspective to comparable Asian countries and distinguishes two levels. The first level concerns the whole Arab world compared to Asia while the other concerns the differences within the Arab world. It was found that the Arab world is different relative to the Asian and that the different Arab sub-groups (Oil-rich-labor-poor countries, oil-rich-labor-rich countries and oil-poor-labor-rich) are treated differently by foreign investors. For the Arab world as whole to attract or maintain as much FDI as Asia, infrastructure availability, the quality of institutions and foreign exchange policies should be improved. However, in the oil- rich labor-poor countries better availability of human capital has the highest impact while in the oil-rich labor-rich countries better availability of infrastructure and s...

L’integration de l’approche genre, au Maroc ou ailleurs, dans les politiques publiques afferentes... more L’integration de l’approche genre, au Maroc ou ailleurs, dans les politiques publiques afferentes au changement climatique ne se reduit pas a de simples plan et strategies. C’est un probleme de societe, qui suppose un vrai changement des pratiques et une evolution des mentalites. C’est un projet de societe, qui interpelle toutes les forces vivantes de la societe et appelle a des actions pedagogiques accentuees en matiere de sensibilisation, de mobilisation et d’accompagnement. C’est enfin un enjeu politique majeur, car une veritable democratie implique la pleine integration de la femme dans tous les domaines.

This paper aims at conducting a critical reflection on the type of migration flows governance in ... more This paper aims at conducting a critical reflection on the type of migration flows governance in Morocco. It will place a special focus on the position of a new type of migrants, namely economic refugees. Two main results emerge from this paper. First, there is an urgency to enlarge the definition of the Geneva Refugee Convention to include both economic persecution and deprivation. This is all the more understandable as many migrant sending countries are currently experiencing economic crises as much numerous as they are painful. Second, the legal and institutional arsenal set up by Morocco to regulate the rights of economic refugees and immigrants in general is quite rich. However, serious and repeated dysfunctions persist. Migration policies are characterized as a whole by the lack of visibility and coherence that should inspire clear and concrete actions. They remain selective, punctual, and politically opportunistic.

The objective of this paper is to contribute to the understanding of the factors explaining the u... more The objective of this paper is to contribute to the understanding of the factors explaining the use of social science research by the development NGOs. To achieve this, we adopted an analytical approach by highlighting the results of a survey of 92 Moroccan NGOs operating in the field of economic development. The analysis of the data allowed us to identify a number of strong results. Thus, contrary to a widely shared idea in the academic community, the gap between research priorities and needs expressed by civil society is not clearly visible. Although the majority of development NGOs is still young and that the material conditions of researchers are generally unfavorable, there are enormous opportunities for dialogue, exchange and cooperation between the two communities. Also, the use of social science research is generally satisfactory. The construction of a PLS model suggests that this variable is strongly associated with three characteristics of the president of the NGO (seniori...

This paper aims at conducting an analytical exercise on the rent seeking phenomenon in Morocco wi... more This paper aims at conducting an analytical exercise on the rent seeking phenomenon in Morocco with respect to political and institutional reforms. Following a brief methodological description of reform as a source of rent, we have outlined a variety of channels through which rents are created and transmitted during various stages of initiation and implementation of four kinds of reforms: i) trade reform; ii) reforms devoted to the restructuring of the productive system; iii) reforms targeted to the public sphere moralization; iv) political reforms. Political and institutional reforms are seen to initially rely on a dynamic bargaining involving several rent-seeking social groups. This is the case of major sector-based associations, the Makhzen-related bourgeoisie, bureaucrats, political parties, NGOs working for development, etc. The outcome of this specific bargaining seems to be the setting-up of a fragile political and social equilibrium. The current situation is characterized by...

Destines a soutenir l’activite economique, les conges fiscaux ont souvent fait l’objet de debats ... more Destines a soutenir l’activite economique, les conges fiscaux ont souvent fait l’objet de debats controverses. Sont-ils efficaces ? Dans cette contribution, nous nous proposons de revisiter cette question a la lumiere de l’etude du cas marocain. L’objectif de ce papier est double : modeliser le cout d’usage du capital tenant compte des conges fiscaux et estimer sa valeur au Maroc pour la periode allant de 1961 a 2008. Deux scenarios de calcul ont ete retenus : le scenario de Droit commun (absence d’exonerations et autres aides a caractere fiscal) et le scenario des lois specifiques a l’investissement, instituant des conges fiscaux. Au regard des resultats obtenus, il semble qu’en depit de l’importance des mesures visant son allegement, le cout d’usage du capital au Maroc reste globalement eleve. En 2008, nous l’avons estime a 21.64% pour un investissement marginal en materiel et outillage et 10.58% pour un investissement marginal en bâtiment. Ensuite, les resultats obtenus par secte...

Repenser les économies africaines pour le …, 2011

Africa Development, 2011

L'interaction entre l'économie solidaire et l'espace public suscite de plus en plus d'intérêt tan... more L'interaction entre l'économie solidaire et l'espace public suscite de plus en plus d'intérêt tant par les débats théoriques qu'elle implique que par les réalités socio-économiques qu'elle recouvre. Cette présente contribution ne vise pas à dresser un panorama exhaustif des débats suscités par ce thème. Aussi, après avoir expliqué le rôle capital de l'espace public dans la compréhension de l'économie solidaire, notre propos visera à expliquer les mécanismes par lesquels les activités relevant de l'économie solidaire dynamisent l'espace public. Et à travers une étude de type monographique, nous mettrons à l'épreuve les apports de la littérature se rapportant à cette question.

The economic literature has clearly proven that infrastructure development is an essential lever ... more The economic literature has clearly proven that infrastructure development is an essential lever for productivity and sustained economic growth. This hypothesis has been tested in depth in the literature using different approaches and methods. This research aims to study the dynamics of the short- and long-term impacts of transport infrastructure on Morocco's economic growth over the period 1984-2019 from an investment perspective. To accomplish this, we used the Auto-regressive distributed lags ARDL of (( Pesaran, Shin and Smith (2001)). Our results show that the positive effects of transport infrastructure on economic growth in Morocco occur in the short and long term. Economic theory has revealed that the beneficial effects of transport infrastructure will be felt in monetary terms and in other terms such as travel time, environmental effects, safety and so on, which implies the need for Morocco to take this constant into account in order to strengthen its accessibility and i...