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Mohamed Bouzahzah



Authors and WSEAS

Mohamed Bouzahzah


WSEAS Transactions on Business and Economics


Print ISSN: 1109-9526
E-ISSN: 2224-2899

Volume 18, 2021

Notice: As of 2014 and for the forthcoming years, the publication frequency/periodicity of WSEAS Journals is adapted to the 'continuously updated' model. What this means is that instead of being separated into issues, new papers will be added on a continuous basis, allowing a more regular flow and shorter publication times. The papers will appear in reverse order, therefore the most recent one will be on top.

Volume 18, 2021


Quality of the Education System and Economic Growth. Projections in the Case of Morocco

AUTHORS: Mohamed Bouzahzah

DOI: 10.37394/23207.2021.18.90
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ABSTRACT: In this paper we use the simulation model developed by Hanushek and Woessman (2011) to assess the economic impact of a reform of the Moroccan education system that would improve the cognitive achievement levels of students, as measured by the PISA score tests. We consider three alternative scenarios to be compared to the economic situation without reform of the education system, referred as 'status quo'. Our work allows to predict future economic growth that Morroco would achieve through the incremental increase in students’ test scores over a period of 76 years, i.e. the expected life expectancy of a person born today. The results show that the discounted value of expected economic flows over the period 2021-2097 would represent between 149.8 and 718.2% of Morocco's current GDP, depending on the reform scenarios. Similarly, GDP per capita could be increased by up to 1.89 percentage points per year in the long run. Our results show that the expected economic gains from a reform of the education system would be much greater than its budgetary cost. In the conclusion, several public policies based on these results are discussed.

KEYWORDS: School quality, Education reforms, Human capital, Long run economic growth, Projection Model, Morocco

Wseas Transactions on Business and Economics, ISSN / E-ISSN: 1109-9526 / 2224-2899, Volume 18, 2021, Art. #90, pp. 949-961


Copyright Β© 2021 Author(s) retain the copyright of this article. This article is published under the terms of the Creative Commons Attribution License 4.0