The black market exchange rate and Oil prices in Algeria

International Journal of Economics and Management Studies

© 2015 by SSRG - IJEMS Journal

Volume 2 Issue 7

Year of Publication : 2015

Authors : Kamel Si MOHAMMED, Yasmina Safaa SALAH, Nassreddine benmessaoud

10.14445/23939125/IJEMS-V2I4P101

How to Cite?

Kamel Si MOHAMMED, Yasmina Safaa SALAH, Nassreddine benmessaoud, "The black market exchange rate and Oil prices in Algeria," SSRG International Journal of Economics and Management Studies, vol. 2,  no. 7, pp. 1-4, 2015. Crossref, https://doi.org/10.14445/23939125/IJEMS-V2I4P101

Abstract:

The goal of this study is to investigate the relationship between oil price and the black market exchange rate US Dollar/Algerian Dinar through an empirical analysis using an ECM Model (Error Correction Model) upon quarterly data for the period 1975-2003. Results show that a cointegration relationship is detected between oil and black market exchange rate in Algeria, with unilateral trend causality in short and long run time horizon from oil prices to black market exchange rate

Keywords:

oil price, Algerian black market exchange rate, EC Model

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