Algeria [electronic resource] : Selected Issues and Statistical Appendix.

By: International Monetary FundMaterial type: TextTextSeries: IMF Staff Country Reports, Country Report ; No. 03/69Publication details: Washington, D.C. : International Monetary Fund, 2003Description: 1 online resource (97 p.)ISBN: 145181142X :ISSN: 1934-7685Subject(s): Article IV Consultations | Economic Conditions | Economic Recovery | International Monetary Fund | Monetary Policy | AlgeriaAdditional physical formats: Print Version:: Algeria : Selected Issues and Statistical AppendixOnline resources: IMF e-Library | IMF Book Store Abstract: This Selected Issues paper and Statistical Appendix deals with the issue of low growth in Algeria. A growth-accounting exercise indicates that negative total factor productivity growth explains Algeria's low growth rates. This paper highlights the sources of this low growth that mainly consist of incomplete structural reforms and the weaknesses of Algeria's institutions. It describes policy recommendations, focusing on the institutional reforms required to improve the business environment. The paper also analyzes Algeria's monetary policy in the context of volatile hydrocarbon revenues.
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This Selected Issues paper and Statistical Appendix deals with the issue of low growth in Algeria. A growth-accounting exercise indicates that negative total factor productivity growth explains Algeria's low growth rates. This paper highlights the sources of this low growth that mainly consist of incomplete structural reforms and the weaknesses of Algeria's institutions. It describes policy recommendations, focusing on the institutional reforms required to improve the business environment. The paper also analyzes Algeria's monetary policy in the context of volatile hydrocarbon revenues.

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