العلاقة بين الادخار و الاستثمار في الجزائر : مقاربة اقتصادية قياسية في الفترة (1970-2016)‎

Abstract EN

This study aims at understanding the reality of the relationship between Savings and Investment in Algeria during the period (1970-2016).

The econometric methods that enable us to understand the economic phenomena related to the subject of our research will be used based on causality test and co-integration for the purpose of ascertaining a balance relationship between the two variables.

The results of our econometric analysis using Eviews10 confirm the absence of a balanced relationship between domestic savings and Investment during the study period, implying a low correlation between them, which can be explained by the Lack of diversity in the national economy and Concentration of economic activity on export revenues of crude oil, Where it became clear that Algeria adopts the policy of all oil in its economy, where all economic and social activities and development policy depend on oil revenues.

This is in addition to the limited capacity of surplus financial resources, which severely affect the limited level of domestic real investment, which encourages the investment of most of the savings abroad or hoarding, due to lack of investment opportunities in non-oil sectors at the local level.

In this context, the study recommended that the State should seek to devote real productive investment which contributes to expanding the productive base of the economy, diversifying the national economy to develop alternative sources of income that meet the requirements, and secure the future of generations, because it is the right way to win the development and the promotion of the national economy, if I want him to keep up the developed economies.