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Financement des hydrocarbures et libéralisation financière en Algérie. Quels liens ?
[Financing of hydrocarbons and financial liberalization in Algeria. Which links?]

Author

Listed:
  • Menna, khaled
  • Hamidouche, Nassima

Abstract

Since the discovery of the wet gas and light oil deposits in Hassi Rmel in 1956, the hydrocarbon sector in Algeria has been a key factor in the country's economy. It is undoubtedly the nerve sector of the Algerian economy. The statistics available on the share of this sector in the economy illustrate this situation and its influence on public policies. This influence can be explained by the fact that it contributes to more than 40% of national GDP, more than two thirds of budget revenues and almost all foreign exchange earnings (97%). This explains the strong influence of this sector on the economic growth of the country and also the interest in constantly developing it especially since the economic crisis of 1986. This is also why the problem of financing this sector has always asked. Indeed, the question we are asking ourselves is how is this sector known to be a very capital-intensive sector financed? In other words, what types of financing does Sonatrach use to finance its investments, is there a need to resort to foreign funds, is there financial liberalization?

Suggested Citation

  • Menna, khaled & Hamidouche, Nassima, 2010. "Financement des hydrocarbures et libéralisation financière en Algérie. Quels liens ? [Financing of hydrocarbons and financial liberalization in Algeria. Which links?]," MPRA Paper 86225, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:86225
    as

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    References listed on IDEAS

    as
    1. Kapur, Basant K., 1992. "Formal and informal financial markets, and the neo-structuralist critique of the financial liberalization strategy in less developed countries," Journal of Development Economics, Elsevier, vol. 38(1), pages 63-77, January.
    2. Roubini, Nouriel & Sala-i-Martin, Xavier, 1992. "Financial repression and economic growth," Journal of Development Economics, Elsevier, vol. 39(1), pages 5-30, July.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    hydrocarbons; financial liberalisation; Algeria;
    All these keywords.

    JEL classification:

    • F65 - International Economics - - Economic Impacts of Globalization - - - Finance
    • Q35 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Nonrenewable Resources and Conservation - - - Hydrocarbon Resources

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