مجلة البشائر الاقتصادية
Volume 6, Numéro 1, Pages 695-714
The paper examines the sources of slow economic growth in Algeria, using growth accounting perspective and the ARDL model, from 1970 until 2016. The results of the growth accounting showed that human capital and physical capital cause economic growth in Algeria. However, the productivity elasticity of human and physical capital was low. Therefore, long-term economic growth can only be sustained if a development strategy is adopted that leads to the integration of capital accumulation with efficiency and productivity gains. The results of ARDL model showed that the increase in Algerian growth was in response to changes in the volume of investments, inflation and improvement in the index of institutional quality.
Economic Growth ; Total Factor Productivity TFP ; Algeria ; Growth Accounting ; Cointegration ; ECM