أثر سعر الصرف الموازي على الاستثمار الأجنبي المباشر في الجزائر : دراسة قياسية

Abstract EN

This paper aims to studying the effect of the black market premium for FDI in Algeria, using vector autoregressive model and through the following economic indicators (GDP growth rate, reel interest rate, government spending, trade openness).

From the study results we conclude the existence of significant causal relationship from growth rate to the: black market premium, reel interest rate and government spending.

The impulses responses functions suggest that also showed significant foreign direct investment (FDI) impact on the parallel exchange rate premium, the trade openness and the real interest rate, and negatively on both economic growth and government spending.