Page 121 - Contributed Paper Session (CPS) - Volume 6

CPS1839 Bahija Nali et al.
by undeclared jobs will reach 108161MDH. It is made up of 55094MDH in
manufacturing industry, 33570MDH in construction and 19497 in the other
industries.
Globally, in the second scenario, the total of the Value Added will be
reviewed by 18,8%. It should be pointed out that it is in Fishing industry that
the reevaluation will be the strongest with 156,5% while the services’ Value
Added will be reassessed only by 1,5%.
The tradeoff between the added values, in the first scenarios and in the
second scenarios, depends largely on the arbitration work relating to the base
year. Since the simulation exercise was developed after this work, it was
difficult for us to choose between reassessed added values. Nevertheless, the
two scenarios above represent the lower and upper revaluation limits that
must not be exceeded during analysis and arbitration work.
c) GDP reassessment
GDP reassessed in million of Dirhams
Initial reevaluation
1st scenario 2nd scenario
GDP 647530 658568 755691
GDP reassessment rate (%) 1,7 16,7
Taking into account the hidden values added in the framework of
Moroccan national accounts would have made it possible to reassess the GDP
by 11038MDH in the first scenario and by 108116MDH in the second scenario.
Thus, it would have successively passed to 658568MDH in the first case and
755691MDH in the second case instead of 647530MDH, that to say a
reassessment of 1.7% and 16.7%.

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