Training, New Equipment and Job Creation: A Firm-level Analysis using Moroccan Data

Using a sample of 664 large, medium- and small-sized firms covering seven industries in Morocco, this article investigates whether the difference in their attitudes toward investment in human and physical capital explains their difference in terms of job creation. The lessons drawn from this investigation are expected to be useful for other least developed countries. The results support that such investment allows firms to create jobs, and this is robust to the inclusion of various additional explanatory variables, firm size and the industry coverage of the sample.