عناصر مشابهة
تحليل العلاقة بين القروض المصرفية والنمو الإقتصادي على المستوى القطاعي في الجزائر خلال الفترة 1998 - 2017
| العنوان بلغة أخرى: | Analyse de la Relation Crédits Bancaires - Croissance Économique au Niveau Sectoriel en Algérie Pendant la Période (1998-2017) Analysis of the Relationship Between Sectorial Bank Credit and Economic Growth in Algeria During the Period (1998-2017) |
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| المصدر: | مجلة اقتصاديات الأعمال والتجارة |
| الناشر: |
جامعة محمد بوضياف المسيلة - كلية العلوم الاقتصادية والتجارية وعلوم التسيير
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| المؤلف الرئيسي: | |
| مؤلفين آخرين: | |
| المجلد/العدد: | ع6 |
| محكمة: | نعم |
| الدولة: | الجزائر |
| التاريخ الميلادي: | 2018 |
| الصفحات: | 437 - 452 |
| ISSN: | 2543-3709 |
| رقم MD: | 1065598 |
| نوع المحتوى: | بحوث ومقالات |
| اللغة: | Arabic |
| قواعد المعلومات: | EcoLink |
| مواضيع: | |
| رابط المحتوى: |
| المستخلص: | تهدف هذه الدراسة في البحث عن العلاقة بين القروض المصرفية الممنوحة لمختلف القطاعات على النمو الاقتصادي في الجرائر خلال الفترة (1998- 2017)، وذلك باستخدام التكامل المتزامن ونموذج تصحيح الخطأ. تم استخدام القروض الموجهة لمختلف القطاعات (عام، خاص، إدارات محلية) كمتغيرات مستقلة تمثل القروض المصرفية، وتم استخدام الناتج المحلي الإجمالي كمتغير يمثل النمو الاقتصادي. أظهرت نتائج الدراسة تأثير سلبي لمختلف القروض المصرفية علي النمو الاقتصادي في حين أن اختبارات السببية لـ: Granger أظهرت أن هناك علاقة سببية تتجه من النمو الاقتصادي إلى القروض المصرفية وهذا يتفق مع فرضية الطلب- التابع. The main objective of this study is to analyze the relationship between various sectoral bank credit and economic growth in Algeria during the period 1998-2017. This is done by examining the distribution of credit between different sectors and analyze its impact on economic growth in the short and long term. This study also aims to investigate the direction of the causal relationship between different sectoral bank credit and economic growth. The importance of this study stems from the fact that it deals with loans provided by the banks operating in Algeria, which is considered as a major source of financing for economic activities. The findings and recommendations of this study will help stakeholders such as the monetary authority and the government to increase the efficiency of the banking system and to raise its contribution to an acceptable and sustainable growth rate. To achieve the objective of the study, the cointegration test and error correction model and Granger causality were used. Credits directed to different sectors (public, private, local administations) were used as independent variables representing sectoral bank credits, and gross domestic product GDP was used as a variable representing economic growth. The estimation of the long run relationship shows that the signal of the coefficients of the variables chosen from previous studies and the economic theory were all positive but insignificant to the effect on economic growth. This may be due to the low ratio of loans granted to different sectors compared to GDP. The results of the estimation of the error correction model in the short run showed a significant negative effect for both the public sector credit and the local administrations loans. This may be due to the high rate of misappropriation of funds and lack of dishonesty among public sector employees in the shadow of corruption that has eaten deep into the fabric of our society. Also Loans to the local administrations are used to provide free services to the people, so they do not contribute to the increase in GDP. Therefore, we agree with the premise that credit to the public sector and local administrations does not have a significant impact on Algeria's economic growth. The results of the short-term error correction model show that bank credit to the private sector have a significant negative impact on GDP, a result that is not consistent with most applied studies , which concluded that the evolution of the ratio of credit granted to the private sector has a positive impact on economic growth , its may be due to inefficient credit allocation as less productive sectors receive large share of credit. The causal relationship were directed (direction) from economic growth to the development of private sector bank credit, means that economic growth leads to increased demand for banking services either for the deposit of savings or the demand of dredit for investment. In other words, Algeria's economic growth is very necessary for the development of the banking sector in the short run. This is consistent with the demand-following hypothesis. |
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