Determinants of Economic Growth in Algeria Over the Long Term for the Period Between (1970-2013)

Abstract

This study aims to determine a econometric model that Expresses the most important determinants which affect the economic growth in Algeria (TCGDP) in the period between 1970 to 2013, as well as analyzing equilibrium relationship on the long run using the method (ARDL). We counted on the data of World Bank using the program of eviews 9. The obtained results of the econometric analyses show the existence of a correlation, that has a statistical significance, between the determinants and economic growth. We find that the indicators which are contained in constructing this model, the monetary stock (volume of money), consumption, exports, oil price, and local investigation in different time delays, have affected the average of economic growth positively all during the period under study. The latter results go hand in hand with the economic logic supporting the like researches.