Seignorage and hydrocarbons in Algeria
Bibliographic Data
| ID | 3978745 |
|---|---|
| Authors | Ali Abderrezak (Cumberland University, corresponding author) |
| Year | 2001 |
| Volume | 6 |
| Issue | 4 |
| Pages | 15-26 |
| Publication date | 2001-12-01 |
| Open Access | No |
| Type | ARTICLE |
| Venue | The Journal of North African Studies (JOURNAL) |
| Journal identifiers | ISSN: 1362-9387 • E-ISSN: 1743-9345 |
| Publisher | Informa UK Limited (PUBLISHER • GB) |
| DOI | 10.1080/13629380108718448 |
| OpenAlex | W1975391313 |
| Language | EN |
| Citations received | 2 |
| References cited | 6 |
This study examines whether excessive levels of seignorage have been a residual source of government revenue in the Algerian experience over its post‐independence era. This question is particularly pertinent to the Algerian economy given its profound dependence on a volatile international market for hydrocarbons. Acting on the assumption that oil‐price deviations from the expected trend would be short‐lived, the country's policy makers may have increasingly relied on seignorage. Since 1986, a year that marks the beginning of a collapse of world oil prices, Algeria's state of affairs unveiled severe imbalances: high inflation and unemployment rates, declining international revenues, a heavy foreign debt burden, and political unrest. Data from the 1964–97 period provide statistical evidence supporting the hypothesis that variations in hydrocarbon revenues, real government expenditures, and political polarisation have been significantly associated with variations in seignorage. In particular, higher levels of seignorage have coincided with periods of declining international revenues from hydrocarbons
Development economics · Economic policy · Economics · Government (linguistics · Government revenue · Independence (probability theory · Inflation (cosmology · International economics · Macroeconomics · Monetary economics · Political science · Politics · Revenue · Unemployment · Unrest · Energy, Environment, and Transportation Policies · Market Dynamics and Volatility · Monetary Policy and Economic Impact · Finance
| Citations per year | 0.12 |
|---|---|
| Citation span | 2009 - 2013 (5) |
| Highly cited | No |