The Impact of Financial Depth on Economic Growth in Algeria: An Econometric Study Using ARDL Model for the Period (1980-2019)
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Abstract
This paper aims to measure and analyse the effect of the financial depth on the economic growth in Algeria during the period(1980-2019). Using the auto-regressive distributed lags model ARDL. The study uses the money supply M2 as a percentage of GDP to reflect the financial depth, and the GDP per capita to express economic growth. The study also uses the variables of trade openness, gross capital formation, and exchange rate as the control variables. The main finding of this research is the existence of long-term relation between the Financial depth and the economic growth in Algeria.
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References
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