أثر العمق المال على النمو الاقتصادي في الجزائر خلال الفترة-1995 - 2015

Abstract

This study aims at measuring the effect of financial depth on economic growth in Algeria from 1995 to 2015 based on the ARDL model. It has been concluded that there is a statistically significant effect of the financial depth on the Per Capita of the Current Gross Domestic Product. This financial depth effect is late with one and two periods. In other words, the financial depth becomes more efficient if the application takes a long time. The effect of financial depth on per capita output is statistically insignificant in period “t”. However, in long term, the degree of financial depth is the only factor that positively affects per capita GDP. The degree of financial depth reflects the power of the financial sector and its ability to settle loans and deposits; thus, the financial sector has a positive impact on economic growth similar to the reverse effect in the short term.