This article examines Morocco's structural transformation from 1960 to 2018, utilizing a longer time frame and a more detailed sectoral breakdown than previous studies. Our methodology combines the decomposition o...
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This article examines Morocco's structural transformation from 1960 to 2018, utilizing a longer time frame and a more detailed sectoral breakdown than previous studies. Our methodology combines the decomposition of labor productivity growth and structural decomposition analysis to assess the intensity and efficiency of sectoral shifts. Our findings indicate a significant increase in productivity from 2000 onward, primarily driven by within-sector productivity, unlike earlier decades where between-sector changes played a larger role. Since 2010, the manufacturing sector has emerged as the main driver of structural change. Additionally, both approaches highlight the overall slow pace of structural transformation in Morocco, predominantly due to the negative impact of foreign trade. In contrast, domestic demand and technological change have positively impacted sectoral growth. While sectors like automotive, aerospace, and service subsectors have shown growth potential, industries such as textiles, and agriculture remain vulnerable to external shocks and global competition.
Purpose This paper aims to estimate the economic impact of a basic income for each state in the USA. Design/methodology/approach Building on existing pilot studies of basic income in the USA, this paper presumes a $50...
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Purpose This paper aims to estimate the economic impact of a basic income for each state in the USA. Design/methodology/approach Building on existing pilot studies of basic income in the USA, this paper presumes a $500 per month basic income for individuals earning less than $25,000 in annual income. Using impact analysis for planning (IMPLAN) input-output modeling software, estimated increase in gross state product and employment are provided on a state-by-state basis. Findings A $6,000 annual basic income ($500 per month) to adult persons earning less than $25,000 annually results in an increase in gross state product (e.g. gross "regional" product in IMPLAN terminology) ranging from 0.7% (District of Columbia) to 5.7% (Florida). Likewise, this increase in household spending will create demand for employment across these states, resulting in an increase in employment from 0.9% (District of Columbia) to 5.8% (Florida). Originality/value To date, to the best of the author's knowledge, this is the first state-by-state analysis of the economic impact of a basic income provision to lower-income individuals.
During a global epidemiological crisis, lockdowns and border closures substantially disrupt international supply chains, underscoring the importance of choosing an intervention policy that accounts for the unique stru...
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During a global epidemiological crisis, lockdowns and border closures substantially disrupt international supply chains, underscoring the importance of choosing an intervention policy that accounts for the unique structure of input-output linkages among domestic industries. This study develops a pioneering mathematical model to quantify the role of pandemic-related intervention policies in the economic impact of a pandemic outbreak in an economy where sectors are complements throughout input-output networks. Our approach is based on three pillars - epidemiological, social, and economic sub-models. Moreover, we present in silico computer simulations to examine the influence of work capsules, work-from-home, vaccination, and industry closure on the damage a pandemic could inflict on output at the industry level. A comparison between work capsules and work-from-home policies shows that the latter decreases economic loss much more than the former. Compared to a state without interventions, a work-from-home policy affecting 12% of the workforce will decrease output loss by 1.4 percentage points during an epidemiological crisis following a COVID-19-like outbreak. Under the constraint of choosing one intervention policy, vaccination significantly reduces the loss of output, particularly in industries that require close customer-seller contacts. In the analysis of scenarios of integrating intervention policies, it is found that, using direct marginal contribution as the measure, the vaccination intervention is approximately 4.5 times more effective at reducing output loss than the work-from-home intervention.
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