عايد وفاء و بن دربال نور الهدى

Abstract

The aim of this study was to measure the impact of financial liberalization indicators on economic growth in Algeria, relying on annual data for the period between 1995 and 2021. Using an VECM model. The study found the presence of a long-term cointegration relationship among the variables under investigation, with a positive effect of financial depth and financial intermediation on economic growth. However, there was a negative effect in the long run when shocks occurred in financial liberalization indicators on economic growth