Developing Algeria’s Financial Market as a Mechanism for Economic Development Financing and Integration Beyond the Hydrocarbon Sector

Abstract

The study aims to identify the mechanisms to activate and develop the Algerian stock market, after diagnosing its situation and the reasons that led to it, highlighting the importance of diversifying financing sources in the course of the development process and the consequent shortcomings in the case of relying on the revenues of the hydrocarbon sector only. The descriptive and analytical approaches were relied upon to answer the problem of the study, encompassing its various aspects, analyzing its dimensions, and answering the study's questions. The results of the study showed that Algeria relies heavily on financing its development on only one financial source represented in oil revenues and that the performance of the Algiers Stock Exchange is very weak and does not contribute to financing economic development in light of the multiple obstacles at various levels, which requires the authorities to follow mechanisms to ensure improved performance The Algiers Stock Exchange on the one hand and activating it to carry out its desired role on the other hand.