أثر التنويع الاقتصادي و الحوكمة على النمو الاقتصادي في الجزائر : دراسة قياسية باستخدام نموذج VECM

الملخص EN

The aim of this research paper is to analyze the relationship between economic diversification, governance and economic growth in Algeria by testing the co-integration of the study variables for the period from 1984 to 2015 with annual data with the use of VECM Model.

The Granger short-term causality test and Toda-Yamamoto's long-term causality test were also used.

The results showed that economic diversification and governance explain the changes in economic growth at 57.

88%, and that there is a long-term equilibrium relationship between the variables of the study, because the error correction coefficient differs from zero with a negative and significant sign.

Governance positively affects economic growth in the short and long term, while economic diversification has a negative impact on economic growth in the short term to become positive in the long term.

The causality tests also indicated that economic growth causes governance, and that economic diversification and governance together cause economic growth in the long run, with the causal results in full agreement with Granger and Toda-Yamamoto tests.