The impact of oil price shocks on economic growth in Algeria
This research aims to quantify the impact of oil price shocks on Algeria’s economic growth by employing the novel Dynamic Auto Regressive Distributed Lag (dynardl) approach in conjunction with the Regularized Least Square Kernel (KRLS) method, utilizing annual data spanning from 1970 to 2022. The fi...
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| Format: | Article |
| Language: | English |
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General Association of Economists from Romania
2024-12-01
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| Series: | Theoretical and Applied Economics |
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http://store.ectap.ro/articole/1803.pdf
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| author | Hafsa DIB |
| author_facet | Hafsa DIB |
| author_sort | Hafsa DIB |
| collection | DOAJ |
| description | This research aims to quantify the impact of oil price shocks on Algeria’s economic
growth by employing the novel Dynamic Auto Regressive Distributed Lag (dynardl) approach in
conjunction with the Regularized Least Square Kernel (KRLS) method, utilizing annual data
spanning from 1970 to 2022.
The findings indicate a notable positive influence of oil prices on economic growth, which is
similarly observed with government expenditure and population growth. Conversely, the real
effective exchange rate and the money supply are found to negatively impact economic growth.
Further, the KRLS estimations lend robust support to the outcomes derived from the dynardl model.
Analysis of counterfactual oil price shocks on GDP suggests that a positive shock of +10% in oil
prices significantly boosts GDP over the long term, whereas a negative shock of -10% conversely
results in a long-term decline in GDP. |
| format | Article |
| id | doaj-art-d9b034e90ccc4f67aef1da0feeabbd7d |
| institution | OA Journals |
| issn | 1841-8678 1844-0029 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | General Association of Economists from Romania |
| record_format | Article |
| series | Theoretical and Applied Economics |
| spelling | doaj-art-d9b034e90ccc4f67aef1da0feeabbd7d2025-08-20T02:14:27ZengGeneral Association of Economists from RomaniaTheoretical and Applied Economics1841-86781844-00292024-12-01XXXI432333818418678The impact of oil price shocks on economic growth in AlgeriaHafsa DIB0 University of Ain Temouchent Belhadj Bouchaib, Algeria This research aims to quantify the impact of oil price shocks on Algeria’s economic growth by employing the novel Dynamic Auto Regressive Distributed Lag (dynardl) approach in conjunction with the Regularized Least Square Kernel (KRLS) method, utilizing annual data spanning from 1970 to 2022. The findings indicate a notable positive influence of oil prices on economic growth, which is similarly observed with government expenditure and population growth. Conversely, the real effective exchange rate and the money supply are found to negatively impact economic growth. Further, the KRLS estimations lend robust support to the outcomes derived from the dynardl model. Analysis of counterfactual oil price shocks on GDP suggests that a positive shock of +10% in oil prices significantly boosts GDP over the long term, whereas a negative shock of -10% conversely results in a long-term decline in GDP. http://store.ectap.ro/articole/1803.pdf oil price shockseconomic growthdynamic ardlalgeria |
| spellingShingle | Hafsa DIB The impact of oil price shocks on economic growth in Algeria Theoretical and Applied Economics oil price shocks economic growth dynamic ardl algeria |
| title | The impact of oil price shocks on economic growth in Algeria |
| title_full | The impact of oil price shocks on economic growth in Algeria |
| title_fullStr | The impact of oil price shocks on economic growth in Algeria |
| title_full_unstemmed | The impact of oil price shocks on economic growth in Algeria |
| title_short | The impact of oil price shocks on economic growth in Algeria |
| title_sort | impact of oil price shocks on economic growth in algeria |
| topic | oil price shocks economic growth dynamic ardl algeria |
| url |
http://store.ectap.ro/articole/1803.pdf
|
| work_keys_str_mv | AT hafsadib theimpactofoilpriceshocksoneconomicgrowthinalgeria AT hafsadib impactofoilpriceshocksoneconomicgrowthinalgeria |