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Algeria and the natural resource curse: oil abundance and economic growth
Middle East Development Journal ( IF 0.9 ) Pub Date : 2017-07-03 , DOI: 10.1080/17938120.2017.1366772
Sidi Mohammed Chekouri 1 , Abderrahim Chibi 1 , Mohamed Benbouziane 2
Affiliation  

In this paper, we examine the interaction between oil exports’ revenues and long-run economic growth in Algeria over the period 1979–2013. Advanced econometric procedures including the cointegration VARX (VAR with exogenous variables) model, over-identifying restrictions, bootstrapping, persistent profiles and Generalized Impulse Response Function are utilized in the empirical analysis. The results show a strong and positive association between oil revenue and long-run economic growth, but negative linkages between the volatility of oil revenues and growth in Algeria. Our impulse response analysis also provides evidence that a positive shock in oil revenues increases the level of real output, and appreciates the real exchange rate.

中文翻译:

阿尔及利亚和自然资源诅咒:石油丰富和经济增长

在本文中,我们研究了1979-2013年期间阿尔及利亚的石油出口收入与长期经济增长之间的相互作用。在经验分析中,使用了先进的计量经济学程序,包括协整VARX(具有外生变量的VAR)模型,过度识别的限制,自举,持续性和广义冲激响应函数。结果表明,石油收入与长期经济增长之间存在密切而积极的联系,但阿尔及利亚的石油收入波动与增长之间存在负相关关系。我们的冲激响应分析还提供了证据,表明石油收入受到积极冲击会增加实际产出水平,并升值实际汇率。
更新日期:2017-07-03
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