مجلة الدراسات المالية والمحاسبية والإدارية
Volume 7, Numéro 1, Pages 644-661
2020-06-30

The Impact Of The Parallel Exchange Market Premium On Economic Growth In Algeria: An Application Of Auto-regressive Distributed Lag (ardl) Bound Testing Approach

Authors : Khallout Manal . Khallout Allaoua .

Abstract

This paper aims to investigate the impact of the parallel exchange rate premium on economic growth in Algeria during the period 1994-2017, by using the methodology of the autoregressive distributed lag model (ARDL). The empirical results showed that the co-integration exists between the variables under study. Also, the empirical results suggest that the effect of the parallel exchange rate premium on economic growth in the long-run has insignificant, while for the short-run we found the parallel exchange rate premium has a negative and significant impact on economic growth.

Keywords

parallel exchange rate premium ; ARDL ; Algeria