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Helmi Hamdi and Rashid Sbia
''The relationship between natural resources rents, trade openness and economic growth in Algeria''
( 2013, Vol. 33 No.2 )
The aim of this paper is to investigate the dynamic relationship between natural resources rents and Algerian economic growth within a trivariate framework by adding trade openness as a third variable. By using cointegration and error correction model techniques, Granger causality tests reveal a bidirectional causal relationship between natural resources rents and economic growth in the short-run and the long-run as well. Moreover, we found a unidirectional causality running from trade to economic growth without any feedback effect.
Keywords: Natural resources rents, Algeria, Trade, Growth, Cointegration, ECT
JEL: F4 - Macroeconomic Aspects of International Trade and Finance: General
C5 - Econometric Modeling: General
Manuscript Received : Jun 13 2013 Manuscript Accepted : Jun 30 2013

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