أثر الانفتاح التجاري و الاحتياطات الأجنبية على سعر الصرف الفعلي الحقيقي كمؤشر لتنافسية الاقتصاد : دراسة قياسية لحالة الجزائر

الملخص EN

This study aimed to investigate the Algerian economic competitiveness, through studying the impact of foreign reserves and trade openness on the real effective exchange rate, during the period 1992-2019.

STATA program used to analyze the data and to estimate the regression model using Autoregressive least square methodology ALS.

The results showed that the foreign reserves had no significant effect.

While the impact of trade openness on the real effective exchange rate was negative, which means, the more trade openness increase, the more the value of the local currency depreciate.

Since the continued dominance of oil exports over the export structure, despite the accumulation of considering foreign reserves due to high oil prices, and despite the trade openness achieved during the study period, but that did not help to improve the competitiveness of the Algerian economy.