Theoretical and Applied Economics
No. 4 / 2022 (633), Winter
Financial liberalization and economic growth: The case of Algeria
University Centre of Maghnia, Tlemcen, Algeria
Djahida LAYATI
University of Abou Bakr Belkaid, Tlemcen, Algeria
Abstract. This study's objective is to investigate how financial liberalization affected Algeria's economic growth from 1990 to 2020 using ARDL model. The study discovered that although trade openness, foreign direct investment, money supply, and credit to the private sector all have a positive relationship with economic growth, the effect is only temporary. In contrast, inflation has an inverse relationship with economic growth. The KAOPEN rate also has a non-significant relationship with economic growth because of its stable value over the study period. In the short run, the economy is significantly impacted by the money supply and trade openness.
Keywords: financial liberalization, financial and monetary reform, Algerian economy, economic growth, ARDL model.
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Contents
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- The nexus between global oil prices and Islamic
and conventional stock markets in the developed
and developing countries
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and its influence on world economic recovery post Covid-19:
Analysis through VECM
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K.B. RANGAPPA
SUCHITRA S
- Energy poverty and the vulnerable energy consumer
in Romania: A curious case of policy schizophrenia
Corina MURAFA
- A cross country analysis
of components of economic growth
through the growth accounting approach
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C.R. BISHNOI
- Financial liberalization and economic growth:
The case of Algeria
Mohammed BENAZZA
Djahida LAYATI
- Financial inclusion in sub-Saharan Africa:
Benchmarking against peer developing countries
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- The trend of the economic evolution in Romania
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