Macroeconomic composite index for economic stability : a kaldorian analysis for the Algerian economy
Other Title(s)
مؤشر مركب للاستقرار الاقتصادي الكلي في الجزائر : تحليل كالدوري
Joint Authors
Qayidi, Khamisi
Hamdini, Abd Allah
Source
Dirassat Journal Economic Issue
Issue
Vol. 12, Issue 1 (31 Jan. 2021), pp.697-715, 19 p.
Publisher
University of Laghouat Faculty of Economics Commercial and Management Sciences
Publication Date
2021-01-31
Country of Publication
Algeria
No. of Pages
19
Main Subjects
Topics
Abstract EN
The Algerian economy has known many changes in foreign trade policy and adopted many economic reforms in order to achieve the main goal of the economic policy (Economic Stability).
In the present paper, we propose a macroeconomic composite index for economic stability to analyze and evaluate the implications of these changes on the economic stability of the country or the performance of the adopted economic policies since the 1980s, by a single index number per year, which we call the Economic Stability Index (ESI), through Kaldor's four macroeconomic variables (GDP, General level of prices, Employment, and External balances) based on “The Magic Square” and the quantitative formulation of the “Normalized Magic Square” presented by Medrano-B & Teixeira (2013).
As a result, the best period that the Algerian economy has known was the period reflected by the highest value of the ESI, through achieving favorable results for the four indicators simultaneously.
American Psychological Association (APA)
Hamdini, Abd Allah& Qayidi, Khamisi. 2021. Macroeconomic composite index for economic stability : a kaldorian analysis for the Algerian economy. Dirassat Journal Economic Issue،Vol. 12, no. 1, pp.697-715.
https://search.emarefa.net/detail/BIM-1006908
Modern Language Association (MLA)
Hamdini, Abd Allah& Qayidi, Khamisi. Macroeconomic composite index for economic stability : a kaldorian analysis for the Algerian economy. Dirassat Journal Economic Issue Vol. 12, no. 1 (Jan. 2021), pp.697-715.
https://search.emarefa.net/detail/BIM-1006908
American Medical Association (AMA)
Hamdini, Abd Allah& Qayidi, Khamisi. Macroeconomic composite index for economic stability : a kaldorian analysis for the Algerian economy. Dirassat Journal Economic Issue. 2021. Vol. 12, no. 1, pp.697-715.
https://search.emarefa.net/detail/BIM-1006908
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references : p. 714-715
Record ID
BIM-1006908