مجلة رؤى اقتصادية
Volume 9, Numéro 1, Pages 53-64
2019-07-31
Financial Sector Development And Economic Growth In Algeria: An Ardl Bounds Testing Approach 1980-2017
Authors : Fahsi Zineb . Chibi Abderrahim .
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.
Keywords
Financial Development ; Economic Growth ; ARDL Method ; Algeria
Les articles similaires
Djadli Samir
.
pages 503-521.
Zahi Yacine
.
Benatta Mohamed
.
pages 491-508.
زقرير عادل
.
حبيب كريمة
.
ص 349-362.
Nezzari Rafek
.
pages 72-88.
Benanaya Djelloul
.
Bakdi Malika
.
pages 19-29.
