دراسة العلاقة بين التطور المالي و النمو الاقتصادي في الجزائر خلال الفترة (1990-2019)‎ باستخدام نماذج الانحدار الذاتي ذات الفجوات الزمنية المتباطئة (ARDL)‎

Abstract EN

This research paper aimed to study and analyze the relationship between financial development and economic growth in Algeria using time series data for the period from 1990 to 2019 for two financial development indicators: the ratio of private loans to gross domestic product and the ratio of money supply to gross domestic product as independent variables, and the rate of growth The economic as a dependent variable, by relying on slow-motion self-regression models (ARDL), where the results showed that there is a long-term equilibrium relationship between the variables using bounds test, and the study also concluded that there is a positive effect of money supply growth on the rate of economic growth but That private loans have a negative impact on the rate of economic growth in the short term, due to the weakness of the efficiency of the financial sector in Algeria and the dominance of public financial institutions in the process of allocating credit.