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سعر الفائدة والنمو الاقتصادي في الجزائر: تحقيق تجريبي

MOHAMED RAMLI /  Nezai. Azzeddine

Abstract:

This paper discusses interest rate and economic growth in Algeria over the period 1980-2017. This period is seen as the pre- and post-transition period to a market economy where Algeria has conducted structural economic changes. The study employs the bounds testing, developed with in an autoregressive distributed lag (ARDL). The main results of the empirical study revealed that the equilibrium relationship between the interest rate and the economic growth in Algeria is unclear, and that it is completely absent at some levels of significant. It is, therefore, imperative to rethink the fiscal adjustment should be supported by a well-designed monetary policy, and to adapt them to the real requirements of the national economy.

Keywords: Interest Rate, Economic Growth, Algeria, Monetary Policy.

Jel Classification Codes : E43, E50, O47, C22.