Oil Price Shocks and Macroeconomic Performance of the Algerian Economy: A Structural Var Approach
| المصدر: | مجلة بحوث الإدارة والاقتصاد |
|---|---|
| الناشر: | جامعة زيان عاشور بالجلفة - كلية العلوم الاقتصادية والتجارية وعلوم التسيير |
| المؤلف الرئيسي: | Rezki, Abdelmounaim (Author) |
| مؤلفين آخرين: | Hadjira, Abdelmounaim (Co-Author) |
| المجلد/العدد: | مج6, ع3 |
| محكمة: | نعم |
| الدولة: |
الجزائر |
| التاريخ الميلادي: |
2024
|
| الصفحات: | 517 - 536 |
| ISSN: |
2676-184x |
| رقم MD: | 1538731 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | الإنجليزية |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| كلمات المؤلف المفتاحية: |
Oil Price Volatility | Macroeconomic Variables | Structural VAR | Impulse Responses Function
|
| رابط المحتوى: |
عدد مرات التحميل
1
| المستخلص: |
This study delves into the intricate relationship between oil prices and key macroeconomic variables (gross domestic product (GDP), government spending, and inflation) in the context of Algeria. Utilizing annual data spanning from 1990 to 2020 and employing the SVAR methodology, the research elucidates the nuanced responses of these variables to oil price shocks. The findings underscore that a 1% positive shock in oil prices results in a noteworthy 0.24% increase in public spending,. Furthermore, the study reveals a remarkable 1.67% decrease in the inflation rate following a 1% increase in oil prices, attributed to sustained state intervention aimed at bolstering purchasing power and the prudent monetary strategies executed by the Central Bank. Notably, the research highlights a concerning aspect; the 1% positive shock in oil prices corresponds to a 0.17% decline in GDP, attributed to the persistent diminishing contribution of the fuel sector to GDP growth since 2006. To navigate these challenges, policymakers are urged to consider diversifying revenue streams, implementing prudent fiscal measures, and adopting strategies that reduce reliance on oil exports. Additionally, proactive steps to stimulate growth in non-oil sectors should be prioritized to enhance economic resilience and mitigate the adverse effects of oil price volatility. |
|---|---|
| ISSN: |
2676-184x |
عناصر مشابهة
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Oil Price Shocks and Algerian Economy: Evidence from the New Economic Model
بواسطة: Seddiki, Safia منشور: (2019) -
The Effect of Oil Price Shocks on the Algerian Economy
بواسطة: Guechari, Yasmina منشور: (2017) -
The Role of Banking Activities in the Algerian Economy
بواسطة: Rezki, Djalal منشور: (2024) -
A CGE Analysis of the Economic Impact of Oil Price Shocks on the Algerian Economy
بواسطة: Benkheznadji, Amina منشور: (2020) -
The Impact of Oil Swings on the Algerian Economy and their Transmission Channels
بواسطة: Benhenda, Nouha منشور: (2023)
