Is an exit from the rentier economy possible in Algeria? An analysis in terms of institutional choices

Abstract

This article aims to outline several key components of a policy aimed at breaking with rent dependence in the specific context of Algeria. Broadly speaking, such a policy entails a complete reconstruction of the institutional architecture governing the domestic mobilization of external rent. This involves combating the tendency toward overvaluation of the national currency, gradually rehabilitating market exchange and productive activities, and allocating public expenditure according to a logic of accumulation rather than distribution