أثر تقلبات أسعار النفط على النمو الاقتصادي في الجزائر : دراسة قياسية للفترة الممتدة 1980-2013

Abstract EN

In this study we tried to analyze the impact of fluctuations in oil prices on economic growth in Algeria during the period from 1980 until 2012.

The theoretical part of the study describes the oil economics in Algeria showing that there is a close relationship between oil revenues and economic growth in Algeria.

In the econometric part we examine the relationship between the oil price volatility and economic growth in Algeria using the co-integration and error correction model (ECM).

The results showed that there is a co-integration in the long term between economic growth rate, oil prices, unemployment and investment.

The causality test of Granger proved that a high price of oil causes the economic growth and investment and the response functions test exhibited a negative impact of oil price shocks on economic growth in Algeria.