دراسة قياسية للعلاقة بين التطور المالي و النمو الاقتصادي بالجزائر خلال الفترة (1980-2017)‎

Abstract EN

This paper aims to identified the relationship between financial development and economic growth in Algeria during the period 1980-2017, using cointegration methodology and Vector Error Correction Model, The results revealed a long-term relationship between financial development and economic growth, and showed the weak or the negative effect of financial development on economic growth in the long run, due to weak financial sector efficiency, and demonstrated a unidirectional causality in the short run from economic growth to financial development, which confirms the demand-following hypothesis.