Endogenous Growth Factors As A Catalyst For Economic Diversification In Algeria

Abstract

Algeria's economy depends on its hydrocarbon sector, which explains its vulnerability to oil price fluctuations. The export of internationally priced oil and gas is what propels growth. The alternative to this would be the diversification of the Algerian economic fabric based on endogenous factors that would guarantee the resilience of our economy. It was in the late 1980s and early 1990s that the problem of growth focused on factors integrated into the economy as determinants of said growth. From there, economists set out to shed light on the main parameters that could influence the growth rate of an economy. These are the works of Romer (1986, 1990), Lucas (1988), and Barro (1990).