L’EFFICACITE ET LES LIMITES DE LA POLITIQUE ECONOMIQUE CONJONCTURELLE. -ETUDE ECONOMETRIQUE SUR L’ALGERIE

The main objectif of this paper is to examinate the effectiveness and limits of conjonctural policy on the economic activity by an empirical study on the Algerian economy, for this, we have based on an econometric study using a cointegration approach, and a vector auto regression approach (VAR) according an impulse-response test and a variance decomposition test on annual data covering 1970-2012 period. The result indicates a relative effectiveness of conjonctural policy on the economic growth of Algeria. So, for more efficiency we have recommended a productive absorption of the oil rent to ensure a macroeconomic viability and a global productivity, in addition to giving more importance to the ordinary tax system which should not rely only on the oil resources, and this by struggling against tax avoidance for instance.