أثر مؤشر التجارة على النمو الاقتصادي في الجزائر : دراسة قياسية للفترة 1990-2017

Abstract EN

This paper aims to investigate the Harberger-Laursen-Metzler effect in the context of Algeria using relevant annual data covering the period 1990-2017, to answer the question is the HLM effect held in Algeria? by the examination the effect of terms of trade index (TOT) on economic growth (GDP) in addition to gross fixed capital formation, labor force and trade openness, using the Johansen-Juselius 1992 and Saikkonen- Lutkepohl 2002 co-integration tests after the unit root tests without structural breaks (Augmented Dickey-Fuller and Philips Perron) and with structural breaks (Kapetanios 2005 test), according to the findings, we find support for the HLM effect in Algeria both in short-run and long-run terms, where any increase in the terms of trade index by 10% causes an increase in economic growth by 20.7% in the short-run term and 65% in the long-run term.