الانفتاح التجاري و الحساب الجاري، أية علاقة؟ : حالة الجزائر-دراسة قياسية باستخدام نموذج ARDL خلال الفترة (1989-2018)‎

Abstract EN

This study aims to analyze the relationship between Algeria's trade openness and its current account balance over the period between (1989-2018), autoregressive distributed lag model (ARDL) was applied.

The results of the study has been indicated a negative impact of trade openness on the current account balance on long-run, owing to the weak value of the foreign direct investment (FDI) for Algeria, Algeria's exports structure which lack diversification, the grew continuously of Algeria's imports value, reflecting the failure of Algeria's imports substitution policy, while the real effective exchange rate had no effect on the Algeria's current account balance, , owing to the weak of the domestic supply flexibility of exported goods and the continued intervention of Algeria's Central Bank for dinar devaluation.

To reduce this deficit, we have suggested proposals that include economic reforms, the most important of which is to attract the FDI by providing an appropriate investment climate.