The asymmetric effects of oil price shocks on economic activities in Algeria: An empirical analysis
No Thumbnail Available
Date
2018
Journal Title
Journal ISSN
Volume Title
Publisher
Maltepe Üniversitesi
Access Rights
CC0 1.0 Universal
info:eu-repo/semantics/openAccess
info:eu-repo/semantics/openAccess
Abstract
This article analyses the impact of oil price shocks on economic growth, unemployment, government revenue and government expenditure in Algeria using a Structural Vector Autoregressive methodology for the period 1970-2017.We use contemporaneous restriction and new technique to identify structural oil price shocks in Algeria. The estimation results show that the positive oil price shock are found to have relatively small (though positive) effect on economic growth. Dutch disease prevents the expected positive effects of positive oil shocks. In order to avoid the harmful effects of oil price fluctuations decision makers have to diversify economy and unlink government expenditure from oil revenues.
Description
Keywords
oil shocks, output growth, government expenditure, unemployment and SVAR
Journal or Series
International Congress on Business and Marketing
WoS Q Value
Scopus Q Value
Volume
Issue
Citation
Driouche, D. M., Manel, A. ve Khadidja, N. (2018). The asymmetric effects of oil price shocks on economic activities in Algeria: An empirical analysis. International Congress on Business and Marketing. s. 318-330.
