The relationship between natural resources rents, trade openness and economic growth in Algeria
AbstractThe aim of this paper is to investigate the dynamic relationship between natural resources rents and Algerian economic growth within a trivariate framework by adding trade openness as a third variable. By using cointegration and error correction model techniques, Granger causality tests reveal a bidirectional causal relationship between natural resources rents and economic growth in the short-run and the long-run as well. Moreover, we found a unidirectional causality running from trade to economic growth without any feedback effect.
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Bibliographic InfoArticle provided by AccessEcon in its journal Economics Bulletin.
Volume (Year): 33 (2013)
Issue (Month): 2 ()
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Natural resources rents; Algeria; Trade; Growth; Cointegration; ECT;
Other versions of this item:
- HAMDI, Helmi & SBIA, Rashid, 2012. "Natural resource rents, fiscal policy and economic growth in Algeria," MPRA Paper 49910, University Library of Munich, Germany.
- F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
- C5 - Mathematical and Quantitative Methods - - Econometric Modeling
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