The significant weight of interregional trade for the Moroccan economy should be taken into account as a priority. This is what Policy Center for the New South recommends in a recent article. This document co-signed by Elhoussaine Wahyana and Eduard Haddad provides a breakdown of the added value in the Kingdom’s domestic and foreign final demand, leaving aside the breakdown of the added value exchanged in internal trade flows of intermediate consumption. The aim is to present a common reinterpretation of the “input-output” model in terms of the relationship between gross production, final demand and the generation of added value by the main trading partners of the Moroccan regions. It is also a question of understanding the potential gains from Morocco’s participation in international trade through the generation of added value incorporated in foreign exports by foreign trading countries. This study tends to answer two main questions. The first consists of determining the influence exerted by domestic absorption and foreign exports on the generation of added value in the Moroccan regions while the second concerns the examination of the contribution of regional added value incorporated in the components of final demand by geographical source. “Analysis of trade in value added reveals the existence of different hierarchies in both interregional and international trade systems, which can have negative implications in terms of regional inequality,” indicate the authors of the document. And to specify: “Understanding these different hierarchies linked to trade, interregional interactions and international transactions is undoubtedly important as a basis for better implementation of development policies”. Referring to the study, the weight differentiation between regions results from a high concentration of activities in urban and metropolitan areas. Mitigation policies should consider interregional interactions to better understand how regional economies are interdependent and how they are influenced by international and national final demands. The authors also recommend that public policies place greater emphasis on the importance of specific large-scale sectors in terms of stimulating economic growth, notably the real estate industry and the agricultural sector. It should be remembered that this study highlighted the vital role played by Greater Casablanca-Settat as an economic stimulator. The region indeed contributes significantly to the generation of added value in other regions and to Moroccan foreign trade. “It is obvious that the impacts of interregional trade linked to the economy of Greater Casablanca-Settat differ from those of other regional economies”, we can note from the study. And to add that “certain Moroccan regions, notably Dakhla-Oued Eddahab and Tangier-Tétouan-Al Hoceima, specialize in activities more oriented towards foreign exports, making their economic growth and development dependent on their ability to compete on international export markets, in addition to their national markets”. The authors of this analysis also estimate that regions unexpectedly benefit more from interregional trade in terms of net trade balance, which significantly influences the activities of other regional economies across the supply chain. Let us cite in this sense the regions of Marrakech-Safi, Souss-Massa and Béni Mellal-Khénifra.
source: dhui.ma
