The Impact of Government Spending and Oil Prices on Economic Growth in Algeria for the Period (1990-2023) An Econometric Study Using the ARDL Methodology.

Abstract

This research paper aims to study the impact of government spending and oil prices on economic growth in Algeria within the framework of the ARDL models for the period 1990-2023. The study concluded that government spending has no impact on long-term economic growth in Algeria, while oil prices have a positive impact on long-term economic growth and are therefore considered the most important determinant of economic growth in Algeria during the study period, which confirms its heavy dependence on oil revenues. The study recommends the need for economic diversification to eliminate economic dependence on oil revenues and confront oil price fluctuations in order to achieve sustainable economic growth.