التكامل الاقتصادي
Volume 11, Numéro 6, Pages 514-531
2024-01-06
When Devaluation Strategy Negatively Affects External Commercial Competitiveness: Evidence From Algeria
Authors : Zidelkhil Halim . Kandi Nabil .
Abstract
This study is part of the research on factors that can increase non-hydrocarbon exports in Algeria. It attempts to analyze the capacity of the devaluation strategy to play a role in the range of export promotion policies. Based on annual data from 1980 to 2020, the short-term and long-term coefficients of the used ARDL model, as well as the Granger causality, have shown that, in the case of Algeria, the devaluation strategy has little impact on the outcome of exports. This is mainly due to the lack of sufficient diversification in exports, along with several other structural factors that need to be considered. These factors include the growth of client countries and their absorption capacities, the size of the market to be conquered, the social burdens on business margins, and the ability of the productive sector to react. These complementary factors are essential for the success of this policy.
Keywords
Exchange rate ; Devaluation ; Current account ; ARDL ; Trade policy
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