Economic Policies: Is it Effective to Achieve Sustainability? A SVAR Evidence from Algeria

Abstract

Algeria has adopted many development plans to achieve economic, social and even environmental stability, from the Economic Recovery Program (2000-2004) to the new growth support program (2015-2019). In order to analyze and measure the impact of fiscal and monetary policy variables on three indicators of Sustainable Development under the conditions of globalization, an SVAR model has been used. The results of the structural impulse response and GRANGER causality have shown that economic policies in Algeria have an effective role in achieving economic and social development even with the absence of the impact of globalization and in turn have failed to achieve environmental development in the agricultural sector. However, Algerian authorities face a major challenge to achieve greater levels of development in a manner that includes all sectors and diversifies their economies to integrate into the international markets and benefit from the experiences of developed countries. Citation: Boulila H, Benbekhti SE, Mohemed B, Benladgham F (2018) Economic Policies: Is it Effective to Achieve Sustainability? A SVAR Evidence from Algeria. J Glob Econ 6: 307. doi: 10.4172/2375-4389.1000307