Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/335772 
Year of Publication: 
2022
Citation: 
[Journal:] Economic Themes [ISSN:] 2217-3668 [Volume:] 60 [Issue:] 1 [Year:] 2022 [Pages:] 95-117
Publisher: 
Paradigm Publishing Services, Warsaw
Abstract: 
This study aims at examining the extent to which the exchange rate impacts on balance of payments in Algeria (BoP) during the period 1980-2019, using the Auto-Regressive Distributed Lag (ARDL) model and the Error Correction Model (ECM). This approach tests the presence of a long-run relationship between the variables.A set of relevant variables, in addition to exchange rate, were used to include real interest rate, oil price, GDP per capita, Government expenditure, and inflation rate, based on previous studies of the subject. The results indicate the existance of a long-run equilibrium relationship between the dependent and independent variables. The exchange rate has a negative impact on the balance of payments in the short-run.
Subjects: 
Balance of payments
Exchange rate
Interest rate
Inflation rate
ECM Approach
ARDL Model
JEL: 
C32
F43
P24
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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