Regulatory harmonization, profits, and productivity: Firm-level evidence from Morocco

Arbeitspapier

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

Angaben zum Objekt

• Sprache: Englisch

Verweise und Beziehungen

• Erschienen in: Series: FERDI Working Paper ; No. P162

Klassifikation und Themen

• Klassifikation: Wirtschaft ; Trade Policy; International Trade Organizations ; Economic Integration
• Thema: Morocco ; Trade ; Non-Tariff Measures ; Firms ; Harmonization ; Profit ; Productivity

Beteiligte, Orts- und Zeitangaben

• 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

Weitere Informationen

• Handle: http://hdl.handle.net/10419/269443
• Letzte Aktualisierung: 10.03.2025, 11:43 MEZ