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Algeria and the natural resource curse: oil abundance and economic growth

Sidi Mohammed Chekouri, Abderrahim Chibi and Mohamed Benbouziane (mbenbouziane@yahoo.fr)

Middle East Development Journal, 2017, vol. 9, issue 2, 233-255

Abstract: In this paper, we examine the interaction between oil exports’ revenues and long-run economic growth in Algeria over the period 1979–2013. Advanced econometric procedures including the cointegration VARX (VAR with exogenous variables) model, over-identifying restrictions, bootstrapping, persistent profiles and Generalized Impulse Response Function are utilized in the empirical analysis. The results show a strong and positive association between oil revenue and long-run economic growth, but negative linkages between the volatility of oil revenues and growth in Algeria. Our impulse response analysis also provides evidence that a positive shock in oil revenues increases the level of real output, and appreciates the real exchange rate.

Date: 2017
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Citations: View citations in EconPapers (11)

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Working Paper: Algeria and the Natural Resource Curse: Oil Abundance and Economic Growth (2016) Downloads
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DOI: 10.1080/17938120.2017.1366772

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