A CGEM analysis of the impact of the financial crisis on the Algerian economy
Over the past decade, the global economy has gone through a severe recession triggered by a financial catastrophe and the slowdown of global commercial and industrial activity. This slowdown has weighed heavily on global economic growth. Algeria, which is not fully integrated into the international...
| Main Authors: | , , |
|---|---|
| Format: | Article |
| Published: |
Asian Network for Scientific Information
2014
|
| Subjects: |
| _version_ | 1796860735469387776 |
|---|---|
| author | Mohammed, Touitou Al-Amin, Abul Quasem Alam, Gazi Mahabubul |
| author_facet | Mohammed, Touitou Al-Amin, Abul Quasem Alam, Gazi Mahabubul |
| author_sort | Mohammed, Touitou |
| collection | ePrints |
| description | Over the past decade, the global economy has gone through a severe recession triggered by a financial catastrophe and the slowdown of global commercial and industrial activity. This slowdown has weighed heavily on global economic growth. Algeria, which is not fully integrated into the international economy, feels the impact of the economic slowdown but on a level much more timid than that experienced by Europe. Algeria has all the potential human and material resources to be a pivotal country in development the Euro-Mediterranean and Arab-Africa. This requires development based on a coherent economic policy. This study conducts a Computable General Equilibrium Model (CGEM) analysis of the impact of the financial crisis on the Algerian economy with particular focus on hydrocarbon revenue. The analysis seeks to simulate the effects of decline in oil prices by 50%. The results of the model used in this study show that the state budget and investment heavily suffer for the effects of the financial crisis. The study concludes that the structural weaknesses of the Algerian economy remain extroverted and strongly oriented towards the exploitation of unprocessed raw materials. |
| first_indexed | 2024-03-05T19:45:44Z |
| format | Article |
| id | utm.eprints-59560 |
| institution | Universiti Teknologi Malaysia - ePrints |
| last_indexed | 2024-03-05T19:45:44Z |
| publishDate | 2014 |
| publisher | Asian Network for Scientific Information |
| record_format | dspace |
| spelling | utm.eprints-595602022-01-23T08:21:40Z http://eprints.utm.my/59560/ A CGEM analysis of the impact of the financial crisis on the Algerian economy Mohammed, Touitou Al-Amin, Abul Quasem Alam, Gazi Mahabubul HB Economic Theory HF Commerce Over the past decade, the global economy has gone through a severe recession triggered by a financial catastrophe and the slowdown of global commercial and industrial activity. This slowdown has weighed heavily on global economic growth. Algeria, which is not fully integrated into the international economy, feels the impact of the economic slowdown but on a level much more timid than that experienced by Europe. Algeria has all the potential human and material resources to be a pivotal country in development the Euro-Mediterranean and Arab-Africa. This requires development based on a coherent economic policy. This study conducts a Computable General Equilibrium Model (CGEM) analysis of the impact of the financial crisis on the Algerian economy with particular focus on hydrocarbon revenue. The analysis seeks to simulate the effects of decline in oil prices by 50%. The results of the model used in this study show that the state budget and investment heavily suffer for the effects of the financial crisis. The study concludes that the structural weaknesses of the Algerian economy remain extroverted and strongly oriented towards the exploitation of unprocessed raw materials. Asian Network for Scientific Information 2014-02 Article PeerReviewed Mohammed, Touitou and Al-Amin, Abul Quasem and Alam, Gazi Mahabubul (2014) A CGEM analysis of the impact of the financial crisis on the Algerian economy. The International Journal of Applied Economics and Finance, 8 (2). pp. 29-42. ISSN 1991-0886 http://dx.doi.org/10.3923/ijaef.2014.29.42 DOI:10.3923/ijaef.2014.29.42 |
| spellingShingle | HB Economic Theory HF Commerce Mohammed, Touitou Al-Amin, Abul Quasem Alam, Gazi Mahabubul A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title | A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title_full | A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title_fullStr | A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title_full_unstemmed | A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title_short | A CGEM analysis of the impact of the financial crisis on the Algerian economy |
| title_sort | cgem analysis of the impact of the financial crisis on the algerian economy |
| topic | HB Economic Theory HF Commerce |
| work_keys_str_mv | AT mohammedtouitou acgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy AT alaminabulquasem acgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy AT alamgazimahabubul acgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy AT mohammedtouitou cgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy AT alaminabulquasem cgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy AT alamgazimahabubul cgemanalysisoftheimpactofthefinancialcrisisonthealgerianeconomy |