أثر التحرير المالي على النمو الاقتصادي في الجزائر : دراسة قياسية خلال الفترة 1990-2016

الملخص EN

This paper examines whether the effect of financial liberalization on economic growth .using time series data over the period 1990-2016.The study use GDP asa dependent variable and the following variables are: inflation rate, openness trade index, financial deepening (M2/GDP), Using ARDL model.

The results show that there is a co-integration between the variables; a negative non-significant effect between GDP and M2 in the long run and a negative significant effect in the short run; a negative non-significant effect between GDP and openness trade in the long run and a positive significant effect between GDP and openness late by one time period in the short run; a negative significant effect between GDP and INF in the long run and a negative nonsignificant effect in the short run