The impact of the parallel exchange market premium on economic growth in Algeria : an application of auto-regressive distributed LAG (ARDL)‎ bound testing approach

الملخص EN

This paper aims to investigate the impact of the parallel exchange rate premium on economic growth in Algeria during the period 1994-2017, by using the methodology of the autoregressive distributed lag model (ARDL).

The empirical results showed that the co-integration exists between the variables under study.

Also, the empirical results suggest that the effect of the parallel exchange rate premium on economic growth in the long-run has insignificant, while for the short-run we found the parallel exchange rate premium has a negative and significant impact on economic growth.