The effect of trade openness and financial development on economic growth in Algeria: 1970-2015
Abstract
As part of this research work we are interested in studying the effect of financial development and trade openness on economic growth.
It seems important to consider the method used to achieve the objectives set.
The technique used the ARDL on annual data covering the period 1970-2015.
The results of our estimate suggest that the financial sector and trade openness have no significant effect on Algerian economic growth in the long and short term.
References
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2. Beck, T., (2002). “Financial development and international trade: is there a link?” J. Int. Econ.
3. Beck Thorsten (2003), “Financial Dependence and International Trade”, Review of International Economics, Volume 11.
4. Blackburn, K., Hung, V.T.Y., (1998). “A theory of growth, financial development and trade”. Economica.
5. Blackburn, K., Bose, N., Capasso, S., (2005). “Financial development, financing choice and economic growth”. Rev. Dev. Econ.
6. Demirgüç-Kunt, A., Levine, R., (2009). “Finance and inequality: theory and evidence”. Policy Research Working Paper Series No. 4967. The World Bank, Washington DC.
7. De Gregorio, J., Guidotti, P., (1995). Financial development and economic growth. World Dev.
8. Fung, M.K., (2009). “Financial development and economic growth: convergence or divergence?” J. Int. Money Finance.
9. Greenwood, J., Jovanovic, B., (1990). “Financial development, growth, and the distribution of income”. J. Polit. Econ
10. King, R.G., Levine, R., (1993). “Finance, entrepreneurship and growth”. J. Monet. Econ.
11. Lucas, R.E., 1988. On the mechanics of economic development. J. Monet. Econ.
12. Raghuram G. Rajan & Luigi Zingales (2003), “The great reversals: the politics of financial development in the twentieth century”, Journal of Financial Economics 69,
13. Robinson, J., 1952. The Rate of Interest and Other Essays. Macmillan, London.
14. Sachs, J., Warner, A., (1995). “Economic reform and the process of global economic integration”. Brookings Papers on Economic Activity.
15. Svaleryd Helena & Jonas Vlachos (2002), “Markets for Risk and Openness to Trade: How are they Related?”.
16. Stern, N. (1989), “The economics of development: a survey”. Econ. J. 99 (397).
Published
2021-03-06
Section
Articles
