مساهمة القطاع المالي في النمو الاقتصادي للجزائر باستخدام نماذج ARDL
Abstract
This Study Aimed To Analyses, The Impact Of The Financial Sector On Economic Growth In Algeria During The Period 1980-2014. Two Models Were Adopted To Reflect The Relationship Between The Two Variables; The First Model Contains A Direct Index, Of Financial Development In Algeria. In The Second Model. Financial Development Was Expressed Through Two Indicators: One Measuring Institutional Development, And The Second Measuring The Development Of The Financial Market. The Study Data Was Obtained From The World Bank And IMF Databases.
The Study Reached. The Inability To Rely On The First Model, To Study The Relationship Between The Two Variables In The Long Term. The Results Of The Bound Test Showed The Possibility To Use The Second Model, To Analyze The Long-Term Relationship. After Estimating Its Coefficients. Using The ARDL Model. The Results In The Long Term. Show A Positive Relationship. Between The Index Of Institutional Development And Economic Growth. While The Relationship Was Negative And Weak, Between The Financial Market Performance And Economic Growth.
Keywords-
Financial Development, Economic Growth, Supply-Leading Approach, Demand-Following Approach.
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