THE IMPACT OF OIL PRICE VOLATILITY IN THE INTERNATIONAL MARKET ON ECONOMIC GROWTH UNDER ALGERIA'S FISCAL POLICIES: A ECONOMETRIC STUDY FOR THE PERIOD 1970-2020

Main Article Content

Boukherbache Haroune Erachid, Rezki Wail

Abstract

     This paper aims to highlight the impact of oil price fluctuations on economic growth in Algeria for the period 1970-2020 in light of the fiscal policy pursued, using the ARDL model, and based on the analysis of the model results, it was found that there is a long-term equilibrium relationship between oil prices and economic growth in Algeria with an estimated elasticity of 9.93% and this result corresponds to the specificity of the Algerian economy being a rentier country dependent on oil revenues, which helped provide the necessary funding for public investment supervised by the government in implementing its mega projects, which reflects positively on economic growth rates.

Article Details

Section
Articles