Arbeitspapier
Regulatory harmonization, profits, and productivity: Firm-level evidence from Morocco
This paper combines a new database on non-tariff measures (NTMs) with Morocco's firm census to explore the effect of regulatory harmonization with the E.U. on firm-level outcomes. Exploiting cross-sectoral variation in the timing and extent of regulatory harmonization, we find that harmonization waves correlate with rises in labor productivity and with higher markups, allowing self-financing of the adaptation process at the firm level. We identify an induced market-structure change that made the observed rise in markups possible. Namely, harmonization temporarily sheltered the Moroccan market from competition from low-end producers in other developing countries, who took time to adapt. We identified this effect through changes in both trade patterns and firm-level outcomes. Thus, harmonization apparently generated a self-financing adaptation process by affecting both firm-level incentives and market structure.Keywords : Morocco, Trade, Non-Tariff Measures, Firms, Harmonization, Profit, Productivity
- Sprache
-
Englisch
- Erschienen in
-
Series: FERDI Working Paper ; No. P162
- Klassifikation
-
Wirtschaft
Trade Policy; International Trade Organizations
Economic Integration
- Thema
-
Morocco
Trade
Non-Tariff Measures
Firms
Harmonization
Profit
Productivity
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Cadot, Olivier
Augier, Patricia
Dovis, Marion
- Ereignis
-
Veröffentlichung
- (wer)
-
Fondation pour les études et recherches sur le développement international (FERDI)
- (wo)
-
Clermont-Ferrand
- (wann)
-
2016
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
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Objekttyp
- Arbeitspapier
Beteiligte
- Cadot, Olivier
- Augier, Patricia
- Dovis, Marion
- Fondation pour les études et recherches sur le développement international (FERDI)
Entstanden
- 2016
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