The Oxford Handbook of the Moroccan Economy

Edited by Karim El Aynaoui and Arkebe Oqubay

The first comprehensive academic overview of Morocco’s economy, providing a rigorous and evidence-based examination of twenty-five years of economic transformation.

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The Oxford Handbook of the Moroccan Economy

Description

The Oxford Handbook of the Moroccan Economy provides a comprehensive and analytically grounded assessment of Morocco’s economic trajectory from 1960 to 2025. Bringing together 53 contributors across 34 chapters, the volume is conceived as a reference work, offering a structured analytical approach grounded in stylized facts, long-term trends, sectoral transformations, and the key public policy challenges shaping the country’s development path. It renews the stock of knowledge on the Moroccan economy by delivering a rigorous, structured, and accessible body of analysis.

Rather than focusing solely on macroeconomic aggregates or measurable social progress, the Handbook examines the deeper drivers of structural transformation, including productivity dynamics, diversification of the productive system, employment quality, technological capabilities, and institutional frameworks. It also addresses core dimensions such as industrial policy, research and innovation, private sector development, and integration into global value chains. The volume highlights Morocco’s growing integration into the global economy and the emergence of new industrial sectors, such as automotive and aeronautics, while critically assessing the limits of this transformation, particularly in terms of domestic spillovers, innovation capacity, private investment, and the creation of quality jobs.

A central contribution of the volume lies in identifying a new phase in Morocco’s development trajectory, moving beyond macroeconomic stabilization and external integration toward higher value-added production, stronger technological capabilities, increased investment in human capital, research and innovation, and a broader diffusion of structural change across the economy.

The Handbook emphasizes that economic development is neither linear nor reducible to a single model. It reflects a cumulative and context-specific process shaped by institutional capacity, policy learning, and structural constraints. In this respect, Morocco is analyzed not as a model to replicate, but as a development experience to be examined in its historical and institutional specificity.

The volume adopts a balanced, evidence-based perspective. It is neither a celebratory account nor a normative exercise, but a rigorous analytical account that captures both the progress achieved and the structural constraints that continue to shape Morocco’s economic development.

As such, it constitutes an essential reference for researchers, policymakers, practitioners, and students seeking to understand the Moroccan economy in its historical depth, sectoral complexity, and contemporary challenges.

This is an open access title. It is available to read and download as a free PDF version on Oxford Academic under a Creative Commons Attribution-Non-Commercial-No Derivatives 4.0 International licence.

Parts
5
Parts
Chapters
34
Chapters
Contributors
53
Contributors

Table of Contents

Part I. Context and history toggle arrow
1. Introduction
2. Economic history of Morocco
3. Political economy in Morocco
Part II. Macroeconomy and financing toggle arrow
4. Monetary policy and the Moroccan economy
5. Fiscal policy in Morocco
6. The external sector of the Moroccan economy
7. The financial and banking industry in Morocco
8. Firms’ access to finance in Morocco
Part III. Economic development toggle arrow
9. Morocco’s economic diplomacy and development
10. The demographic transition and the Moroccan economy
11. Development of private sector in Morocco
12. International trade and the competitiveness of the Moroccan export sector
13. Regional economic development in Morocco
14. Urban policy and transformation in Morocco
15. Growth and structural transformation in Morocco
16. Climate change, environmental sustainability, and Moroccan green transition
Part IV. Social development toggle arrow
17. Morocco’s education sector
18. Growth–poverty–monetary inequality nexus of Morocco
19. Structure of the labour market and labour relations in Morocco
20. The informal sector in Morocco
21. The health sector in Morocco
22. Gender dynamics and empowerment in Morocco
23. Moroccan migration dynamics
Part V. Industrialization and services toggle arrow
24. Composition and performance of the Moroccan manufacturing sector
25. Moroccan industrial policy
26. Phosphate and fertilizer industry in Morocco
27. Textile and apparel industry in Morocco
28. The handicraft sector in Morocco
29. Moroccan automotive and aeronautics industries
30. Transformation of agriculture in Morocco
31. The Moroccan fishing sector and sustainable development
32. Port services in Morocco
33. The tourism industry in Morocco
34. Development of the ICT sector and the digitization of Morocco

Editors

Karim El Aynaoui

Executive President, Policy Center for the New South

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Karim

Arkebe Oqubay Metiku

British Academy Global Professor, SOAS University of London

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Arkebe

Contributors

Taoufik

Abbad Taoufik

Deputy Director, Macroeconomics and Forecasting, Ministry of Economy and Finance

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Abdelkhalek

Abdelkhalek Touhami

Full Professor, Mohammed VI Polytechnic University, Rabat

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Mounssif

Mounssif Aderkaoui

Affiliate Professor, Mohammed VI Polytechnic University

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Abdelaaziz

Abdelaaziz Ait Ali

Head - Research in Economics, Policy Center for the New South

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Aziz

Aziz Ajbilou

Full Professor at Mohammed VI Polytechnic University, Rabat

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Arbouch

Mahmoud Arbouch

Senior Economist, Policy Center for the New South

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Fahd

Fahd Azaroual

Economist, Policy Center for the New South

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Mina

Mina Baliamoune

Senior Fellow, Policy Center for the New South

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Interview series

Introducing the Oxford Handbook of the Moroccan Economy

(FR) Moroccan Automotive and Aeronautics Industries

(FR) Composition and Performance of the Moroccan Manufacturing Sector

(FR) Phosphate and Fertilizer Industry in Morocco

The Health Sector in Morocco

Morocco’s Economic Diplomacy and Development

(AR) Economic History of Morocco

Firms’ access to finance in Morocco

The handicraft sector in Morocco

(FR) Gender dynamics and empowerment in Morocco

(AR) The demographic transition and the Moroccan economy

(FR) Monetary policy and the Moroccan economy

(FR) Development of private sector in Morocco

(FR) Growth–poverty–monetary inequality nexus of Morocco

(AR) Morocco’s education sector

(FR) Moroccan Industrial Policy

(FR) The informal sector in Morocco

Event

April 9th - 10th, 2026 - 09:30 AM

Press

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Press Release

PRESS RELEASE

Download the official press
release in three languages

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Press Kit

PRESS KIT

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Contact

CONTACT

For any press inquiry,
please contact us.

Hasnaâ Tadili

Press Relations Manager

h.tadili@policycenter.ma

+212 668 116 069

Alae Jellal

Jr Program Officer

a.jellal@policycenter.ma

+212 666 250 958