Evaluating the Path of Financial Editorial in Algeria and its Impact on Economic Growth in Algeria

Abstract

Algeria adopted a market economy system in the early 1990s and embarked on a policy of financial liberalization to enhance economic development. This study aims to evaluate the trajectory of these reforms and measure the impact of financial liberalization on economic growth during the period from 1990 to 2021, using the Autoregressive Distributed Lag (ARDL) approach. Our findings indicate that financial liberalization in Algeria remains partial and lacks the necessary conditions for its promotion, especially in the absence of a robust banking and financial sector and an efficient production base. The success of financial liberalization policy and the achievement of economic development in Algeria depend on stimulating the production apparatus and developing the financial intermediation system