MEASURING THE EFFECT OF PUBLIC SPORTS SPENDING ON ECONOMIC GROWTH IN MOROCCO

ABSTRACT

In this work, we examine the link that may exist between public sports spending and economic growth. In this paper, we adopt time series to measure using Vector Error Correction Models (VMCE) by Johansen's one-step approach, the functional relationship between public budget spending on sport and growth in sport. The results of the estimation of the three VMCE models, we noted the existence of a long-term relationship between public sports expenditure and the Real Gross Domestic Product (RGDP) in Morocco. In fact, general expenses (DGS), operations (DFS) and investments (DIS) in sports have a significant long-term effect on the national RGDP. As for the short-term relationship, we note that all the sports expenditure variables (DGS, DFS and DIS) have no significant short-term effect on Moroccan RGDP.