Author(s): Mohamed Bouzahzah
Abstract: In this paper we use the simulation model developed by Hanushek and Woessman (2011) to assess the economic impact of a reform of the Moroccan education system that would improve the cognitive achievement levels of students, as measured by the PISA score tests. We consider three alternative scenarios to be compared to the economic situation without reform of the education system, referred as "status quo". Our work allows to predict future economic growth that Morroco would achieve through the incremental increase in students’ test scores over a period of 76 years, i.e. the expected life expectancy of a person born today. The results show that the discounted value of expected economic flows over the period 2021-2097 would represent between 149.8 and 718.2% of Morocco’s current GDP, depending on the reform scenarios. Similarly, GDP per capita could be increased by up to 1.89 percentage points per year in the long run. Our results show that the expected economic gains from a reform of the education system would be much greater than its budgetary cost. In the conclusion, several public policies based on these results are discussed.