L’impact De L’investissement Des Revenus Pétroliers Sur La Croissance, L’inflation Et Le Chômage : Cas D’Algérie (2000-2015)

This paper investigates the short-run and long-run relationships between four main Algerian macroeconomic variables, the investment of oil revenues, economic growth, unemployment rate, inflation rate, using the Johansen multivariate cointegration techniques as well as VAR model for the period 2000-2015. The results indicate that there is not a long relationship between these four macroeconomic variables. The impulse functions and the variance decomposition from the stationary VAR show that the investment of oil revenues is very important to short run dynamics of the Algerian economy, when there is a shock in investment of oil revenues, GDP responds positively (13%) while the unemployment rate responds negatively (11%), in the long term. This is in line with the Algerian government's investment strategy, increasing GDP and reducing the unemployment rate