Algeria: Growth Prospects in Algeria

International Monetary Fund

No 2007/061, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper for Algeria analyzes the growth prospects of the Algerian economy. Drawing on the findings of the empirical growth literature, the paper combines growth accounting and cross-country growth regressions to examine the role of macroeconomic and institutional factors in driving economic growth. It reviews the past growth performance in Algeria and explores the reasons underpinning the recent pickup in nonhydrocarbon GDP growth. The paper also analyzes labor market developments and assesses the factors that may hinder employment creation in Algeria.

Keywords: ISCR; CR; Algeria; labor market; employment growth elasticity; growth performance; trade openness indicator; labor productivity; employment elasticity; growth prospect; Employment; Unemployment rate; Labor productivity; Labor taxes; Labor markets; Middle East; North Africa; Baltics; East Africa (search for similar items in EconPapers)
Pages: 31
Date: 2007-02-14
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