THE IMPACT OF OPENNESS ECONOMIC AND ISLAMIC DEVELOPMENT BANK PROJECTS ON ECONOMIC GROWTH IN THE ALGERIA ECONOMY

Authors

  • Fouad Mahfoudi Faculty of Economic, Commercial and Management Sciences, Ziane Achour University of Djelfa, Algeria
  • Siham Riache Faculty of Economic, Commercial and Management Sciences, University of Algiers 03, Algiers. Algeria
  • Fawzi Chahdi Accounting Information Systems Laboratory - Applied Studies in Commercial Sciences and Management, The Higher School of Commerce, Koléa University Center, Tipaza
  • Mabrouk Riache Faculty of Economic, Commercial and Management Sciences, University of Algiers 03, Algiers. Algeria
  • Bilal Louail Faculty of Economic, Commercial and Management Sciences, University of M'Hamed BOUGARA Boumerdes. Algeria

Keywords:

Islamic Development Bank, Economic Growth, Openness economic, Algeria economy

Abstract

This study aims to illustrate the importance of IDB projects in developing economic growth in Algeria through economic openness. This study used the multiple regression of Algeria's economy from 1980-2022. The study found a positive and significant impact of FDI, per capita, and total population growth on Algeria's economic growth and a negative impact of inflation on growth. Through the results of this study, decision-makers in Algeria's economy can rely on this study to develop their economies through IDB projects. Researchers and academics can also benefit from the results of this study as a study that opens up new prospects for the topic in the future.

References

Abd al-Haq Muhammad Kayed (1989), Islamic Development Bank, An economical, analysis, comparative jurisprudence study of its operations, Master Thesis, Yarmouk University of Jordan.

Chahira BEGGACHE, (2014), The role of the Islamic Development Bank in supporting economic development in the member states, these doctorates, Faculty of Economic, Commercial and Management Sciences, University of Algiers 03, Algiers. Algeria.

Ibrahim Abada (2002), The role of the Islamic Development Bank in the commercial exchange of Islamic countries, an M.A. thesis at Yarmouk University of Jordan.

Louail, B. (2015). ECONOMIC OPENNESS AND ITS IMPACT IN THE GROWTH OF THE ALGERIAN ECONOMY DURING THE PERIOD (1970-2012). European Scientific Journal, ESJ, 11(10).

Louail, B., (2019). Determinants of foreign direct investment in Algeria economy during 1970– 2016. International Journal of Advanced and Applied Sciences 6(3), 102-110. https://doi.org/10.21833/ijaas.2019.03.015

Mameche, Y. (2020). Empirical evidence on the short-run & long-run effect of IFRS adoption on FDI in developing economies: The Algerian context. SMART Journal of Business Management Studies, 16(1), 13-25.

Mameche, Y., & Masood, A. (2021). Macroeconomic evidence on the impact of mandatory IFRS adoption on FDI in the Gulf Cooperation Council (GCC) countries. Journal of Accounting in Emerging Economies. https://doi.org/10.1108/JAEE-04-2020-0084

Mohamed Salah ZOUITA, Bilal LOUAIL, Youcef MAMECHE. (November 2020), The impact of the local SMEs sector on FDI and the mediating effect of IFRS adoption in developing economies: the case of Algeria, International Journal of Advanced and Applied Sciences, TAIPEI, TAIWAN, Volume 6, Issue 11, P.P.: 120-129.

Othman Alam (2007), Islamic Bank for Development and Development Finance in Islamic Countries, Master Thesis, University of Algeria.

Salma Abd Dawood (2009), Development Aid provided by the Islamic Development Bank to Jordan, Master Thesis, Yarmouk University of Jordan.

Siham RIACHE, Bilal LOUAIL, Ali Nabil BELOUARD. (April 2020), The relationship of Arab economic integration to foreign direct investment in the Algeria economy: Impact analysis using the Augmented gravity model, International Journal of Advanced and Applied Sciences, TAIPEI, TAIWAN, Volume 7, Issue 4, P.P.: 84-90.

Siham RIACHE, Bilal LOUAIL, Chahira BEGGACHE, (2021), Causal Dynamics Between Foreign Direct Investment, Growth Economic and Financial Development in Algeria During 1970–2017, SMART journal of business management studies, Volume 17, Issue 1, PP:103-116.

Mohsin, M. I. A., Dafterdar, H., Cizakca, M., Alhabshi, S. O., Razak, S. H. A., Sadr, S. K., ... & Obaidullah, M. (2016). Waqf development: The Islamic development bank experience. Financing the Development of Old Waqf Properties: Classical Principles and Innovative Practices around the World, 221-236.

Al Madani, H., Alotaibi, K. O., & Alhammadi, S. (2020). The role of Sukuk in achieving sustainable development: evidence from the Islamic Development Bank. Banks Bank Syst, 15(4), 36-48.

Downloads

Published

2024-03-10

How to Cite

Mahfoudi, F. ., Riache, S. ., Chahdi, F., Riache, M. ., & Louail, B. . (2024). THE IMPACT OF OPENNESS ECONOMIC AND ISLAMIC DEVELOPMENT BANK PROJECTS ON ECONOMIC GROWTH IN THE ALGERIA ECONOMY. The Journal of Contemporary Issues in Business and Government, 30(1), 288–296. Retrieved from https://cibgp.com/au/index.php/1323-6903/article/view/1722