Impact of Corruption on Private Investment in Algeria: An ARDL Co-integration Approach

Abstract: Economic stability represents one of the most critical challenges for both developed and developing countries, given its vital role in reinforcing national economies, boosting economic growth, and supporting sustainable development. In recent years, however, many countries have witnessed a significant rise in corruption across various sectors. This expansion of corrupt practices has weakened economic stability by negatively influencing several key economic indicators, especially public and private investment. Therefore, this study seeks to analyze the effect of corruption on private investment in Algeria, using semi-annual data covering the period 2003–2022 within the framework of the ARDL model. Keywords: Corruption, Private Investment, ARDL Model, Algeria