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Labor Productivity and Economic Growth in a Hydrocarbon-Dependent Economy: The Algerian Case, 1984–2015

Author

Listed:
  • Serge Rey

    (CATT, University of Pau et Pays de l’Adour, E2S UPPA
    Social Sciences and Humanities College)

  • Sofiane Hazem

    (CATT, University of Pau et Pays de l’Adour, E2S UPPA
    Banque Maghrébine d’Investissement et de Commerce Extérieur
    Economic Studies and Cooperation Department)

Abstract

This paper addresses the empirical question of whether productivity can help explain the economic growth dynamics in Algeria over the period from 1984 to 2015. The first aim of this article is to measure the productivity for both the economy as a whole and for different sectors. Then, original estimates of the capital stock are made using the permanent inventory method, which enables the evolutions of the total factor productivity to be inferred. On the basis of these estimates, it is shown that, while the Algerian economy as a whole performed fairly well in terms of economic growth, this was more the result of an increase in production factors, i.e., labor force, than of labor productivity growth, which was very limited. This partly reflects the weak performance of the hydrocarbons sector, which has experienced a decline in labor productivity since the early 2000s, while other sectors such as agriculture have experienced strong productivity gains.

Suggested Citation

  • Serge Rey & Sofiane Hazem, 2020. "Labor Productivity and Economic Growth in a Hydrocarbon-Dependent Economy: The Algerian Case, 1984–2015," The European Journal of Development Research, Palgrave Macmillan;European Association of Development Research and Training Institutes (EADI), vol. 32(3), pages 587-611, July.
    • Handle: RePEc:pal:eurjdr:v:32:y:2020:i:3:d:10.1057_s41287-019-00229-z
    DOI: 10.1057/s41287-019-00229-z
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    References listed on IDEAS

    as
    1. Serge Rey & Catherine Ris, 2018. "Sectoral labour productivity and economic competitiveness in New Caledonia," Economie et Statistique / Economics and Statistics, Institut National de la Statistique et des Etudes Economiques (INSEE), issue 499, pages 29-53.
    2. International Monetary Fund, 2017. "Algeria: Selected Issues," IMF Staff Country Reports 2017/142, International Monetary Fund.
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    More about this item

    Keywords

    Growth rate; Algeria; Hydrocarbons; Labor productivity; TFP;
    All these keywords.

    JEL classification:

    • D24 - Microeconomics - - Production and Organizations - - - Production; Cost; Capital; Capital, Total Factor, and Multifactor Productivity; Capacity
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

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