وفرة الموارد الطبيعية، نوعية المؤسسات والنمو الاقتصادي دراسة حالة البترول في الجزائر

In this research, we try to test the role of institutional quality in explaining the relationship between oil abundance and economic growth in Algeria, applying a VECM model using annual data over the period 1970-2014. Our results indicate that the negative growth effects of oil price volatility offset the positive impact of oil boom; therefore, we argue that oil price volatility and lower institutions quality, rather than oil abundance per se, drives the resource curse paradox in Algeria. Therefore, solutions should be diversify the Algerian economy through the construction of a dynamic private sector which contributes to providing employment opportunities, and enhance the quality of institutions to attract and stimulate much investment. And this is what will ensure economic satiability in Algeria.