دراسة قياسية لحركية رؤوس الأموال في الجزائر خلال الفترة 1970-2018

الملخص EN

The aim of this paper is to test the validity of Feldstein-Horioka puzzle using time series data for the period 1970-2018 in the context of Algeria, we use the recently proposed multiple-break co-integration test of Maki (2012) and modern bootstrapping causality of Hacker-Hatemi (2010), the results indicate that the saving retention coefficient for investment is equal to 0.

324 in the long run term, and there is no causal relationship between investments and savings, these results imply relatively high capital mobility in Alferia over the period of study.