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 (30 Jun. 2021), pp.697-715, 19 p.

Publisher

University of Laghouat Faculty of Economics Commercial and Management Sciences

Publication Date

2021-06-30

Country of Publication

Algeria

No. of Pages

19

Main Topic

Economy

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 (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