The paper discusses the government policy that encourages the emergence of co-operatives and analyzes the co-operatives in light of their growth in number. It establishes a static equilibrium and highlights the co-operatives’ adjustment process (dynamic equilibrium).The methodology/approach consists of the development of a theoretical model, using the Nash equilibrium for the co-operative market, and the determination of a static equilibrium. It presents the data which includes variable measurements for the adjustment process for agricultural, artisanal, and fishery co-operatives in order to analyze the stochastic process of entry-and-exit flow of co-operatives. Accordingly, the paper estimates the co-operatives’ growth index speed of adjustment (SOA) as a function of the mean-reversion Ornstein–Uhlenbeck (OU) process.The theoretical results indicate that co-operatives’ earnings depend on the number of co-operatives, market-demand, and the capacity constraint. They also show that the margin for new entrants is a dynamic gap that especially depends on demand, capacity constraint and the profits. The empirical results indicate that co-operatives growth-index process is significantly mean reverting for all sectors, and the speed of adjustment for artisanal co-operatives is significantly higher than for those in agriculture and the fisheries.

中文翻译：

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摩洛哥合作社的数量和范围的均衡与调整过程

本文讨论了鼓励合作社兴起的政府政策，并根据合作社的数量增长对合作社进行了分析。它建立了静态均衡并突出了合作社的调整过程（动态均衡）。方法/方法包括开发理论模型（使用纳什均衡用于合作社市场）以及确定静态均衡。 。它提供了包括用于农业，个体和渔业合作社调整过程的可变度量的数据，以便分析合作社进出流量的随机过程。因此，本文估计了合作社的增长指数调整速度（SOA）是均值回归Ornstein–Uhlenbeck（OU）过程的函数。理论结果表明，合作社的收入取决于合作社的数量，市场需求和能力约束。他们还表明，新进入者的利润率是一个动态缺口，尤其取决于需求，能力约束和利润。实证结果表明，合作社的增长指数过程在所有部门均显着恢复，手工合作社的调整速度明显高于农业和渔业。