Browsing by Author "Khallout, Allaoua"
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Item The Impact of the parallel exchange market premium on economic growth in Algeria: an application of auto-regressive distributed lag (ardl) bound testing approach(University of Oum El Bouaghi, 2020-06-30) Khallout, Manal; Khallout, AllaouaThis paper aims to investigate the impact of the parallel exchange rate premium on economic growth in Algeria during the period 1994-2017, by using the methodology of the autoregressive distributed lag model (ARDL). The empirical results showed that the co-integration exists between the variables under study. Also, the empirical results suggest that the effect of the parallel exchange rate premium on economic growth in the long-run has insignificant, while for the short-run we found the parallel exchange rate premium has a negative and significant impact on economic growth.