تحليل العلاقة بين الائتمان المصرفي و النمو الاقتصادي على المستوى القطاعي في الجزائر خلال الفترة (1998-2017)‎

الملخص EN

The objective of this study is to investigate the relationship between banks’ credit granted to different sectors and economic growth in Algeria during the period 1998-2017.To achieve the objective of the study, the cointegration test and error correction model were used.

Credits directed to different sectors (public, private, local administrations) were used as independent variables representing bank credits, and GDP was used as a dependent variable representing economic growth.

The results of the study showed a negative impact of various bank credits on economic growth while Granger's causality tests showed that there is a causal relationship going from economic growth to bank credit and this is consistent with the demand-following hypothesis