Impact of Technological Innovations on the Global Productivity of Production Factors in Morocco

Technological innovation has become an essential element to increase companies' productivity. Moreover, this impact of technological innovations on productivity differs from one economy to another. This research work aimed to detect the impact of technological innovations on Moroccan technical progress measured by the global productivity of production factors. To achieve this goal, this study used a vector error correction model (VECM) to estimate the function of the aggregate productivity of the short-term and long-term factors of production. The results of the estimates made on-time data covering the period 1998 to 2018 and showed that the global productivity of production factors is explained by the development of human capital and the realisation of foreign direct investments. The adoption of technological innovations and the importation of information and communication technologies have a predominantly low impact on this productivity.