دراسة العلاقة بين الاستقرار المالي وأاسعار النفط في الجزائر باستخدام نموذج ECM للفترة (2000-2018)‎

Abstract EN

This study aims at the relationship between financial stability and oil prices in Algeria during the period 2000-2018 using the error correction model (ECM).

After examining the stability, it was found that the chains were not stable in the plane, but stabilized at the first difference and became integrated in the first degree, and the Johansen test showed that there is one vector of the common integral, which indicates the existence of a long-term complementarity relationship between the variables, and this allows the application of the ECM model.

The study proves the existence of a causal relationship between financial stability as an explanatory variable and oil prices as a dependent variable.

The results of the study also showed the existence of a long and short term relationship between financial stability and oil prices.

It also proved that a stable financial sector is necessary for Algerian economic, as Oil prices contributes to the range of 67.

1% while contributing Other factors by 32.

9% in the Financial Stability.