The oil prices variation and their influence in the Algerian economy : an empirical analysis

Abstract EN

This article analyzes the relationship between the variation of international oil prices and its effects on indicators of the Algerian economy from 2008 to 2017.

To achieve this, we used secondary sources regarding the oil price average-considering just BRENT references- for each year, and other macroeconomic indicators.

This information was analyzed through statistical models.

First, we took Oil price as the main variable and we confronted each of the macroeconomic indicators collected to test whether they were independent from this main variable or not; second, we applied a Poisson regression to find if the citizen perception of the economy in these countries has a correlation with the booms and busts of oil prices.

In the end, we found a divergence between the citizens' perception and the economy's positive or negative economic performance.