مجلة الاقتصاد والمالية
Volume 10, Numéro 1, Pages 181-194
2024-01-19

Charting Economic Policy Trajectories In Algeria: An Empirical Exploration Across Global Dynamics (2000-2022)

Authors : Bouyacoub Brahim .

Abstract

This article examines the challenges that Algerian economic policy has faced in a globalized world from 2000 to 2022 using a VAR model to identify causal relationships between different variables. The results reveal that the Economic Competitiveness Index, Foreign Direct Investments, the exchange rate, money supply, and public expenditures had a positive and significant impact on economic growth in Algeria, while public debt had a negative effect. These findings underscore the crucial importance of balanced management of various economic policy variables to achieve sustainable economic growth in Algeria. They also emphasize the need for policymakers to consider these relationships both in the short and long term when designing and implementing economic policies aimed at promoting the country's economic development.

Keywords

Economic policy, Foreign Direct Investments, VAR model, money supply, Economic Competitiveness Index, economic growth, exchange rate, public debt.