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Poverty Reduction, Financial Development and Economic Growth in Algeria: A Gregory Hansen Co-Integration Regime Shift Analysis

Hicham Ayad ()

Economic Research Guardian, 2018, vol. 8, issue 2, 40-52

Abstract: This paper applies annual data from 1970 to 2017 in Algeria to investigate the long-run relationship between financial development, poverty reduction, economic growth and trade openness, we use the regime shift analysis for both unit root tests (Zivot-Andrews (1992), Clemente-Montanes-Reyes (1998) and Lee-Strazicich (2001)) and co-integration test(Gregory Hansen (1996)) to detect the long run and short run elasticities, the results confirm that there is a long-run relationship among the variables with a regime shift in 2009, and the financial development cannot reduce the poverty rates while the economic growth is pro-poor.

Keywords: Financial development; Poverty reduction; Regime shift analysis (search for similar items in EconPapers)
JEL-codes: C58 E44 I32 (search for similar items in EconPapers)
Date: 2018
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