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.
Contents
Development banks – promoters of economic development?
The nexus between global oil prices and Islamic and conventional stock markets in the developed and developing countries
American bilateral trade with emerging economies and its influence on world economic recovery post Covid-19: Analysis through VECM
Energy poverty and the vulnerable energy consumer in Romania: A curious case of policy schizophrenia
Transitions into self-employment in European Union and Israel: Field study
A cross country analysis of components of economic growth through the growth accounting approach
Financial liberalization and economic growth: The case of Algeria
Financial inclusion in sub-Saharan Africa: Benchmarking against peer developing countries
Cointegration and stock market interdependence: Evidence from India and selected Asian and African stock markets
Government subsidies and income inequality in Algeria: An analytical and empirical study
An analysis of the effect of widespread unemployment on corruption
The Russia-Ukraine invasion toward increasing food security threat for population: An empirical study using T-GARCH model
Energy consumption and economic growth nexus in Africa: New insights from emerging economies
Two conditions which induce Giffen behavior in any numerical analysis if applied to the Wold-Juréen (1953) utility function
How large is the size of Côte d'Ivoire's informal sector? A MIMIC approach
Portfolio construction and performance evaluation: Evidence from India and Iran
Cost structures, technology levels and collusion
The trend of the economic evolution in Romania in the context of crises