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محددات الاستثمار الخاص في الجزائر للفترة (2002-2017)

D/ Seghiri  Sidali

Abstract:

The study aims at clarifying the determinants of private investment in Algeria during the period of (1990-2017) and with the structural break in 2001, the period that has been selected was (2010- 2017) as the study period. But as a result of the reduction of times series, the multicollinearity has appeared therefore there is an absence of efficiency property of estimator which justify the use of shrinkage methods represented by regression of Lasso, Elastic-net and Ridge.

Findings showed that the regression method of Lasso is the best way among shrinkage methods and the determinants of private investment in Algeria that have a negative effect were the public investment, terms of trade, real exchange rate and the external debt. But there was a positive effect that is represented by the domestic credit to the private sector.

Keywords:  Private investments, multicollinearity, shrinkage methods, Algeria

Jel Classification Codes: E22, C22, C50