La rente pétrolière constitue-t-elle un levier de croissance économique en Algérie ? Is oil income a lever for economic growth in Algeria?

Abstract

Like all economies in the world, the Algerian economy is always in search of sustainable growth. However, the financing of the latter is essentially based on foreign exchange earnings mainly from hydrocarbon exports and which evolve according to the evolution of the prices of these materials on the international markets. Through this paper, we wanted to check whether oil price fluctuations have an impact on economic growth in Algeria. To this end, after having presented a brief reminder on the use of the oil rent in Algeria, we first analyzed the stationarity of the two statistical series used and then applied the Granger causality test in order to verify the existence of a possible causal relationship between the first series corresponding to the Growth Rate of Gross Domestic Product in Dollars and the second which represents the Growth Rate of the Price of Algerian Sahra Brent Oil in Dollars. The results of this work have made it possible to invalidate the hypothesis put forward at the start stipulating the existence of a causal link between fluctuations in the price of oil and economic growth in Algeria, during the period from 1983 to 2020