The Effects of Foreign Direct Investment on Entrepreneurial Dynamics and Economic Growth in Morocco: Empirical Study and Analysis


  • Sara HABCHI Ibn Tofail University
  • Abdeslam EL MOUDDEN Ibn Tofail University


Entrepreneurship, FDI, economic growth, ARDL, cointegration


In recent years, foreign direct investment (FDI) has become increasingly important, shaped by the dynamics of the Moroccan economy and political and social stability. It is now regarded as a major economic policy issue. The Moroccan authorities are encouraging the arrival of FDI by implementing attractive policies and reforms, in the hope of stimulating national economic activity summed up by a significant evolution in Moroccan entrepreneurship. The aim of this research is to analyze the impact of FDI flows on local entrepreneurship and economic growth in Morocco. To address this question, we deployed the Autoregressive Distributed Lag (ARDL) approach based on macroeconomic data for Morocco covering the period 2010-2022. The results obtained from this empirical investigation reveal that foreign direct investment exerts a positive and significant effect on economic growth, as well as a positive but insignificant effect on entrepreneurial dynamics measured by the percentage growth in the number of Moroccan business start-ups.