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The Impact of Energy Consumption on Economic Growth in Algeria (1983-2022)

Author

Listed:
  • Koridjidj Benali

    (Faculty of Economic and Business, University of Chlef (Algeria))

  • Khelifa hadj

    (Faculty of Economic and Business, University of Mostaganem (Algeria))

Abstract

This analytical and econometrical study aims to shed light on the impact of energy consumption on economic growth in Algeria, by using the Algerian data for each G.D.P. as an indicator of real economic growth, on the one hand, and the per capita energy consumption, on the other. We try to understand the evolution of G.D.P. This is to determine the extent of intervention in energy consumption to increase output from 1983 to 2022. Finally, applying econometric techniques starts with the Augmented Dickey-Fuller (A.D.F.) test for stationary, then the Johansen-Juselius cointegration and Granger causality test based on VECM. This paper's significant findings consist of a long-run relationship between G.D.P. and E.C. and a unidirectional causality relationship from E.C. to G.D.P. in both the short and long run; furthermore, in the long run, energy consumption positively influences economic growth in Algeria.

Suggested Citation

  • Koridjidj Benali & Khelifa hadj, 2024. "The Impact of Energy Consumption on Economic Growth in Algeria (1983-2022)," Economics and Management, Faculty of Economics, SOUTH-WEST UNIVERSITY "NEOFIT RILSKI", BLAGOEVGRAD, vol. 21(1), pages 23-46.
    • Handle: RePEc:neo:journl:v:21:y:2024:i:1:p:23-46
    DOI: 10.37708/em.swu.v21i1.3
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    More about this item

    Keywords

    energy consumption; economic growth; causality; co-integration; Algeria;
    All these keywords.

    JEL classification:

    • C41 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Duration Analysis; Optimal Timing Strategies
    • C44 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Operations Research; Statistical Decision Theory
    • C62 - Mathematical and Quantitative Methods - - Mathematical Methods; Programming Models; Mathematical and Simulation Modeling - - - Existence and Stability Conditions of Equilibrium
    • O13 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Agriculture; Natural Resources; Environment; Other Primary Products

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