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Erscheinungsjahr: 
2016
Schriftenreihe/Nr.: 
FERDI Working Paper No. P162
Verlag: 
Fondation pour les études et recherches sur le développement international (FERDI), Clermont-Ferrand
Zusammenfassung: 
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
Schlagwörter: 
Morocco
Trade
Non-Tariff Measures
Firms
Harmonization
Profit
Productivity
JEL: 
F13
F15
Dokumentart: 
Working Paper

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