Research Article


DOI :10.26650/ekoist.2024.40.1361258   IUP :10.26650/ekoist.2024.40.1361258    Full Text (PDF)

Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?

Bouazza Elamine ZemriSidi Mohamed Boumediene Khetib

In today’s world, achieving sustainable economic development is a critical challenge for all nations. Their approach to progress is an attempt to harmonize economic growth with environmental protection and social well-being, ensuring that the needs of the present are met without compromising the ability of future generations to meet their own. This study focuses on Algeria, a nation striving to transition towards a more sustainable economic model. While the country has implemented various strategies aimed at economic diversification, renewable energy adoption, and foreign investment engagement, a comprehensive assessment of their effectiveness and future impact remains lacking. This study aims to fill this gap by providing a holistic analysis of Algeria’s progress towards sustainable economic development. It goes beyond traditional single-factor assessments by employing a comprehensive framework and utilizing the ARIMA model and Box-Jenkins methodology to forecast the key indicators of GDP per capita, CO2 emissions per capita, and unemployment rate. The results of the analysis reveal a mixed outlook. While the ARIMA (1, 1, 0) model predicts promising economic development, the ARIMA (2, 1, 2) model raises concerns about rising CO2 emissions, and the ARIMA (1, 1, 1) model indicates a persistently high unemployment rate. These projections suggest that while Algeria is making strides towards improving the economy, significant challenges remain in achieving environmental sustainability and social inclusion. 

JEL Classification : C22 , C32 , Q56 , O55

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APA

Zemri, B.E., & Khetib, S.M. (2024). Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?. EKOIST Journal of Econometrics and Statistics, 0(40), 76-97. https://doi.org/10.26650/ekoist.2024.40.1361258


AMA

Zemri B E, Khetib S M. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?. EKOIST Journal of Econometrics and Statistics. 2024;0(40):76-97. https://doi.org/10.26650/ekoist.2024.40.1361258


ABNT

Zemri, B.E.; Khetib, S.M. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?. EKOIST Journal of Econometrics and Statistics, [Publisher Location], v. 0, n. 40, p. 76-97, 2024.


Chicago: Author-Date Style

Zemri, Bouazza Elamine, and Sidi Mohamed Boumediene Khetib. 2024. “Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?.” EKOIST Journal of Econometrics and Statistics 0, no. 40: 76-97. https://doi.org/10.26650/ekoist.2024.40.1361258


Chicago: Humanities Style

Zemri, Bouazza Elamine, and Sidi Mohamed Boumediene Khetib. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?.” EKOIST Journal of Econometrics and Statistics 0, no. 40 (Dec. 2024): 76-97. https://doi.org/10.26650/ekoist.2024.40.1361258


Harvard: Australian Style

Zemri, BE & Khetib, SM 2024, 'Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?', EKOIST Journal of Econometrics and Statistics, vol. 0, no. 40, pp. 76-97, viewed 23 Dec. 2024, https://doi.org/10.26650/ekoist.2024.40.1361258


Harvard: Author-Date Style

Zemri, B.E. and Khetib, S.M. (2024) ‘Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?’, EKOIST Journal of Econometrics and Statistics, 0(40), pp. 76-97. https://doi.org/10.26650/ekoist.2024.40.1361258 (23 Dec. 2024).


MLA

Zemri, Bouazza Elamine, and Sidi Mohamed Boumediene Khetib. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?.” EKOIST Journal of Econometrics and Statistics, vol. 0, no. 40, 2024, pp. 76-97. [Database Container], https://doi.org/10.26650/ekoist.2024.40.1361258


Vancouver

Zemri BE, Khetib SM. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?. EKOIST Journal of Econometrics and Statistics [Internet]. 23 Dec. 2024 [cited 23 Dec. 2024];0(40):76-97. Available from: https://doi.org/10.26650/ekoist.2024.40.1361258 doi: 10.26650/ekoist.2024.40.1361258


ISNAD

Zemri, BouazzaElamine - Khetib, SidiMohamed Boumediene. Algeria’s Path to Sustainable Economic Development: Is it on Track or Not?”. EKOIST Journal of Econometrics and Statistics 0/40 (Dec. 2024): 76-97. https://doi.org/10.26650/ekoist.2024.40.1361258



TIMELINE


Submitted15.09.2023
Accepted29.03.2024
Published Online26.06.2024

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