L'Impact des Dépenses d'Infrastructures sur la Croissance en Algérie. Une Approche en Séries Temporelles Multivariées (VAR)

Zakane, Ahmed (2009): L'Impact des Dépenses d'Infrastructures sur la Croissance en Algérie. Une Approche en Séries Temporelles Multivariées (VAR). Published in: Les Cahiers du CREAD No. 87 (2009): pp. 27-49.

Abstract

The purpose of this paper is to study the relationship between the infrastructure spending and the economic growth in Algeria using results from the endogenous growth theory, specifically the BARRO model (1990). The novelty of this work lies on using VAR models, with the objective of deducing the effects leading to changes in the infrastructure spending on growth as well as the causality links between capital stock, infrastructure and labor.

• Item Type: MPRA Paper
• English Title: The Impact of Infrastructure Spending on Growth in Algeria. A Multivariate Time Series Approach (VAR)
• Language: French
• Keywords: Infrastructure, endogenous growth, multivariate models.
• Subjects: C - Mathematical and Quantitative Methods > C2 - Single Equation Models ; Single Variables > C22 - Time-Series Models ; Dynamic Quantile Regressions ; Dynamic Treatment Effect Models ; Diffusion Processes; O - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output Convergence

References

Aschauer, D.A. (1989). Is Public Expenditure Productive? Journal of Monetary Economics 23 (2): 177-200.

Barro, R.J. (1990). Government Spending in a Simple Model of Endogenous Growth. Journal of Political Economy 98 (5): 103-125.

Barro, R.J., and X. Sala-i-Martin (1992). Public Finance in Models of Economic Growth. Review of Economic Studies 59 (4): 645-661.

Futagami K, Morita Y et Shibata A (1993). Dynamics Analysis an Endogenous Growth Model with Public Capital. Scandinavian JLE pp 607-625.

Gendarme, R. (2000). Evolution du Concept d’Infrastructure et Variabilité des Politiques en Fonction des Niveaux de Croissance. Monde en Développement 28 pp 9-15

Granger, C.W.J. (1969). Investigation Causal Relations by Econometric Models and Cross-Spectral Methods. Econometrica 37 (3): 424-438.

Glomm, G. and B. Ravikumar (1994). Public Investment in Infrastructure in a Simple Growth Model. Journal of Economic Dynamics and Control 18 (6): 1173-1187.

Hamilton, J.D. (1994). Time Series Analysis. Princeton University Press

Hirschman, A.O.(1958). The Strategy of Economic Development. New Haven: Yale University Press.

Munnell, A.H. (1992). Infrastructure Investment and Economic Growth. Journal of Economic Perspectives 6(4): 189-198.

Sims,C.A.(1980). Macroeconomics and Reality. Econometrica 48 (1): 1-48

ZAKANE, A. (2003). Dépenses Publiques Productives Croissance à Long Terme et Politique Economique, Essai d’Analyse Econométrique Appliquée au Cas de l’Algérie. Facultés des Sciences Economiques et Sciences de Gestion Université d’Alger.

ZAKANE, A. (2004). Le Rôle des Infrastructures dans la Croissance de l’Economie Algérienne. Revue des Sciences Commerciales et de Gestion N°3 2004 pp77-103.