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The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea

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  • Mohammed Bouznit
  • Mohamed Yassine Ferfera
  • María del P. Pablo-Romero

Abstract

type="main" xml:lang="en"> The slow growth of Algeria is analyzed in this paper, by comparing the economic growth between Algeria and South Korea, over the period from 1970 to 2010. Both countries were nearly at the same development level at the beginning of the 1960s. Nevertheless, the South Korean economy was ranked 15th in the world in 2010, while Algeria remained underdeveloped. The results obtained show that human capital and physical capital cause the economic growth in the two countries under study. However, the elasticities of productivity with respect to human and physical capital are higher in South Korea. Human capital elasticity in South Korea is two and a half times higher, whereas the physical capital elasticity is twice as high.

Suggested Citation

  • Mohammed Bouznit & Mohamed Yassine Ferfera & María del P. Pablo-Romero, 2015. "The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea," African Development Review, African Development Bank, vol. 27(4), pages 377-391, December.
    • Handle: RePEc:bla:afrdev:v:27:y:2015:i:4:p:377-391
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    Cited by:

    1. Hassan O. Ozekhome, 2018. "Is Human Capital Accumulation A Growth Driver In Nigeria? An Empirical Investigation," Oradea Journal of Business and Economics, University of Oradea, Faculty of Economics, vol. 3(2), pages 66-77, September.
    2. Almenar-Llongo, Vicent & Muñoz de Prat, Javier & Orero-Blat, Maria, 2021. "Qualitative analysis for joint ventures as an entry mode in foreign direct investment," Journal of Business Research, Elsevier, vol. 123(C), pages 324-332.
    3. Lotanna Ernest Emediegwu, 2020. "Does educational investment enhance capacity development for Nigerian youths? An autoregressive distributed lag approach," African Development Review, African Development Bank, vol. 32(S1), pages 45-53, November.
    4. Mohammed Bouznit & Rachida Aïssaoui, 2024. "The impacts of climate change factors and innovative capabilities on food production in Algeria: evidence from ARDL model," Environment, Development and Sustainability: A Multidisciplinary Approach to the Theory and Practice of Sustainable Development, Springer, vol. 26(9), pages 23889-23908, September.
    5. Bouznit, Mohammed & Pablo-Romero, María del P., 2016. "CO2 emission and economic growth in Algeria," Energy Policy, Elsevier, vol. 96(C), pages 93-104.

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