Financial Sector Development And Economic Growth In Algeria: An Ardl Bounds Testing Approach 1980-2017
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Date
2019-07-31
Authors
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Journal ISSN
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Publisher
University of Eloued جامعة الوادي
Abstract
This study empirically examines the relationship between financial sector development and economic growth in Algeria over the period 1980–2017, using the auto-regressive distributed lag approach to co-integration analysis, depending on real gross domestic product per capita as a dependent variable, broad money and domestic credit to private sector as a measure of financial development. Our results reveal that the relationship between financial development and economic growth in Algeria is not significantly different from what has been observed generally in oil-dependent economies. The finance-growth relation in Algeria is found to be insignificantly positive. These findings suggest a dire need for financial reforms in Algeria in order to improve efficiency in the financial sector so as to stimulate investment and saving and thus, long-term economic growth
Description
مجلة رؤى المجلد التاسع العدد الأول
Keywords
Financial Development, Economic Growth, ARDL Method, Algeria. JEL classification: O11, O16, O47, C22, O55
Citation
مقال بمجلة رؤى اقتصادية