The Slow Economic Growth in Algeria: A Comparative Study with Respect to South Korea
Autor
Bouznit M.
Ferfera M.Y.
del P. Pablo-Romero M.
Resumen
The slow growth of Algeria is analyzed in this paper, by comparing the economic growth between Algeria and South Korea, over the period from 1970 to 2010. Both countries were nearly at the same development level at the beginning of the 1960s. Nevertheless, the South Korean economy was ranked 15th in the world in 2010, while Algeria remained underdeveloped. The results obtained show that human capital and physical capital cause the economic growth in the two countries under study. However, the elasticities of productivity with respect to human and physical capital are higher in South Korea. Human capital elasticity in South Korea is two and a half times higher, whereas the physical capital elasticity is twice as high. © 2015 The Authors. African Development Review © 2015 African Development Bank
Colecciones
Ítems relacionados
Mostrando ítems relacionados por Título, autor o materia.
-
Article
CO2 emission and economic growth in Algeria (2020)
Bouznit M.; Pablo-Romero M.P. (Elsevier Ltd, 2016) -
Article
Residential electricity consumption and economic growth in algeria (2020)
Bouznit M.; Pablo-Romero M.P.; Sánchez-Braza A. (MDPI AG, 2018) -
Article
Economic growth and transport energy consumption in the Latin American and Caribbean countries (2020)
Rehermann F.; Pablo-Romero M. (Elsevier Ltd, 2018)