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Determinants of the Algerian Economy: Autoregressive Distributed Lag Approach

Author

Listed:
  • Zergoune Mohamed

    (Corvinus University of Budapest, Department of Agricultural Economics and Rural Development, Hungary.)

  • Okba Abdellaoui

    (University of Echahid Hamma Lakhdar, Eloued, Algeria)

  • Nawal Ben Amara

    (Laboratory of Requirements of the Promotion and Development of Emerging Economies in the Context of Integration into the Global Economy (LEPEM), Universite Kasdi Merbah, Ouargla, Algeria)

Abstract

The study examines the determinants of the Algerian economy for the period 1970-2016. We employ Autoregressive Distributed Lag cointegration approach proposed by Pesaran et al. (2001). Findings confirm that CPI, total imports and broad money are significant in explaining economic growth in Algeria both in short-run and long-run. These findings suggest economic diversification is required to maintain a steady economic growth in the country.

Suggested Citation

  • Zergoune Mohamed & Okba Abdellaoui & Nawal Ben Amara, 2018. "Determinants of the Algerian Economy: Autoregressive Distributed Lag Approach," International Journal of Economics and Financial Issues, Econjournals, vol. 8(5), pages 7-10.
  • Handle: RePEc:eco:journ1:2018-05-2
    as

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    References listed on IDEAS

    as
    1. Francisco L. Rivera-Batiz & Luis A. Rivera-Batiz, 2018. "International Trade with Endogenous Technological Change," World Scientific Book Chapters, in: Francisco L Rivera-Batiz & Luis A Rivera-Batiz (ed.),International Trade, Capital Flows and Economic Development, chapter 2, pages 33-70, World Scientific Publishing Co. Pte. Ltd..
    2. Calderon, Cesar & Liu, Lin, 2003. "The direction of causality between financial development and economic growth," Journal of Development Economics, Elsevier, vol. 72(1), pages 321-334, October.
    3. Greenwood, Jeremy & Jovanovic, Boyan, 1990. "Financial Development, Growth, and the Distribution of Income," Journal of Political Economy, University of Chicago Press, vol. 98(5), pages 1076-1107, October.
    4. Romain Wacziarg & Karen Horn Welch, 2008. "Trade Liberalization and Growth: New Evidence," World Bank Economic Review, World Bank Group, vol. 22(2), pages 187-231, June.
    5. repec:hoo:wpaper:e-92-3 is not listed on IDEAS
    6. Harrison, Ann, 1996. "Openness and growth: A time-series, cross-country analysis for developing countries," Journal of Development Economics, Elsevier, vol. 48(2), pages 419-447, March.
    7. Matsuyama, Kiminori, 1992. "Agricultural productivity, comparative advantage, and economic growth," Journal of Economic Theory, Elsevier, vol. 58(2), pages 317-334, December.
    8. M. Hashem Pesaran & Yongcheol Shin & Richard J. Smith, 2001. "Bounds testing approaches to the analysis of level relationships," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 16(3), pages 289-326.
    9. Abdus Samad, 2011. "Exploring Exports and Economic Growth Causality in Algeria," Journal of Economics and Behavioral Studies, AMH International, vol. 2(3), pages 92-96.
    10. Abdelali Jbili, 1997. "Financial Sector Reforms in Algeria, Morocco, and Tunisia; A Preliminary Assessment," IMF Working Papers 97/81, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    ARDL; Algerian economy; CPI; Imports.;

    JEL classification:

    • E31 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles - - - Price Level; Inflation; Deflation
    • F14 - International Economics - - Trade - - - Empirical Studies of Trade

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