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Rentierism in the Algerian economy based on oil and natural gas

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  • Machín Álvarez, Alejandra

Abstract

This essay analyzes Algeria's degree of adaptation toward possessing the constituent features of an oil and gas rentier economy, and whether its current status could be threatened by changes to its energy policy. With this aim, the article first uses empirical evidence to analyze different rentier features of the Algerian economy (the importance of the hydrocarbon sector, Algerian NOC Sonatrach's role in energy policy and revenue distribution). Second, the circuit that perpetuates rentier logic is described, the main conclusion being that the Algerian economy does indeed offer the very conditions that guarantee the self-perpetuation of rentierism. However, this conclusion is jeopardized by uncertainties stemming from two potential changes in the national status of the hydrocarbons sector: a greater presence of foreign hydrocarbon companies in Algeria, and growing internationalization by Sonatrach.

Suggested Citation

  • Machín Álvarez, Alejandra, 2010. "Rentierism in the Algerian economy based on oil and natural gas," Energy Policy, Elsevier, vol. 38(10), pages 6338-6348, October.
    • Handle: RePEc:eee:enepol:v:38:y:2010:i:10:p:6338-6348
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    References listed on IDEAS

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    1. Deepak Lal, 1995. "Why Growth Rates Differ: The Political Economy of Social Capability in 21 Developing Countries," Palgrave Macmillan Books, in: Bon Ho Koo & Dwight H. Perkins (ed.), Social Capability and Long-Term Economic Growth, chapter 14, pages 288-309, Palgrave Macmillan.
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    Cited by:

    1. Fuinhas, José Alberto & Marques, António Cardoso, 2013. "Rentierism, energy and economic growth: The case of Algeria and Egypt (1965–2010)," Energy Policy, Elsevier, vol. 62(C), pages 1165-1171.
    2. repec:ipg:wpaper:2014-514 is not listed on IDEAS
    3. Ghassan Dibeh, 2014. "The Political Economy of Monetary Policy in Resource-Rich Arab Economies," Working Papers 896, Economic Research Forum, revised Dec 2014.
    4. Jamal Bouoiyour & Refk Selmi & Muhammad Shahbaz, 2014. "The Electricity Consumption in a Rentier State: Do Institutions Matter ?," Working papers of CATT hal-01880334, HAL.
    5. de Aguiar, Thereza R.S. & Freire, Fatima de Souza, 2017. "Shifts in modes of governance and sustainable development in the Brazilian oil sector," European Management Journal, Elsevier, vol. 35(5), pages 701-710.

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    Keywords

    Oil Rentierism Algeria;

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