أثر التطور المالي على النمو الاقتصادي في الجزائر دراسة قياسية

Abstract

This research paper aims to study the impact of financial development on economic growth in Algeria during the period 1990-2020, using the Autoregressive Distributed Lag Model (ARDL). The GDP per capita was adopted as a variable representative of economic growth in addition to two indicators that express financial development, namely, loans granted to the private sector and money supply. The empirical results showed a negative effect between private loans and economic growth, and a positive effect between money supply and economic growth. These results are considered logical for the Algerian economy, given the weak efficiency of its financial sector.