Theoretical and Applied Economics
No. 3 / 2024 (640), Autumn
Analyzing the impact of oil price fluctuations on economic growth in Algeria: an empirical study
University of Ahmed Draia – Adrar, Algeria
Abdessamed BEN ABDERRAHMANE
University of Ahmed Draia – Adrar, Algeria
Abstract. This study examines the effect of oil price fluctuations on economic growth in Algeria from 1973 to 2023. Using the Autoregressive Distributed Lag (ARDL) model and the Zivot-Andrews (ZA) structural break test for unit roots, the results confirm a long-run relationship between the variables. A 1% increase in oil prices is associated with a significant 1.05% rise in economic growth. However, the model also reveals a delayed negative impact from lagged oil price changes, indicating that price volatility can lead to economic instability. These findings underscore the critical importance of oil price stability for sustainable economic development in Algeria.
Contents
Evaluating the International Financial Reporting Standards (IFRS) adoption in developing countries: an institutional theory review
Analyzing the impact of oil price fluctuations on economic growth in Algeria: an empirical study
Impact of population cycle on income sharing pattern of a capitalistic society
Understanding users' behavioral intention to use artificial intelligence for personal financial management: an innovation diffusion theory approach
Financial stability and monetary policy rules: evidence from Tunisia
The transfer between the spending habits of different generations-a debate between retail and E-commerce
Planning for economic integration: addressing trade challenges posed by the Ukraine-Russia conflict in Europe
Dynamics of the interplay between economic complexity, governance and economic growth in the BRICS countries: a panel GMM approach
The relevance of theories of foreign direct investment to mergers and acquisitions in Africa
The impact of employment in industry on income inequality in Great Britain
Structural transformation, poverty, and inequality in emerging countries
How work works for the new generations?
Assessing the nexus between market openness and economic growth: an emerging market perspective
The relationship between access to electricity, CO2 emissions, and economic growth in BRICS
Social aspects of the informal economy: evidence from EU countries
Tracing the path: testing the environmental Kuznets Curve in Algeria using ARDL bounds testing
Dynamic interactions among selected world stock indices: a VAR approach
Boosting human capital: how the COVID-19 pandemic accelerated agile methodology adoption in software development
Do gold, oil and bitcoins possess safe heaven attributes in times of crisis? Empirical evidence using a wavelet-based time-frequency dependency approach from the pandemic to the Russia–Ukraine crisis
Financial contagion and the circular economy paradigm: opportunities and challenges for Romania
The circular economy in Romania: a bibliometric study of innovation and sustainable practices