Algeria: Selected Issues and Statistical Appendix

International Monetary Fund

No 2003/069, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper and Statistical Appendix deals with the issue of low growth in Algeria. A growth-accounting exercise indicates that negative total factor productivity growth explains Algeria’s low growth rates. This paper highlights the sources of this low growth that mainly consist of incomplete structural reforms and the weaknesses of Algeria’s institutions. It describes policy recommendations, focusing on the institutional reforms required to improve the business environment. The paper also analyzes Algeria’s monetary policy in the context of volatile hydrocarbon revenues.

Keywords: ISCR; CR; fiscal policy; oil price shock; employment opportunity; Algeria; economic recovery plan; Algeria's monetary policy; growth performance; Employment; Monetary base; Unemployment; Demand for money; Money markets; North Africa; Middle East; East Africa; Europe; Maghreb (search for similar items in EconPapers)
Pages: 97
Date: 2003-03-12
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