مجلة دفاتر اقتصادية
Volume 17, Numéro 1, Pages 195-210
2026-06-02
Entrepreneurship As A Transmission Channel For Social Impact Investing: Ardl Evidence From Algeria During The Period Between 2010 And 2024
Authors : Cherifi Brahim .
Abstract
This study aims to evaluate the efficiency of entrepreneurship as a transmission channel for converting investment inflows and credit into social impact in Algeria. The research employs an Autoregressive Distributed Lag framework to examine long-run equilibrium relationships, utilizing the Bounds Test and Error Correction Model to analyze the responsiveness of unemployment to investment shocks. The results reveal that New Business Density is the most significant driver for reducing unemployment (coefficient -1.542), confirming the entrepreneurial mediation hypothesis, and highlighting the superiority of domestic credit over Foreign Direct Investment in generating social outcomes. The study recommends incentivizing "Impact-First" credit for startups and leveraging digital transformation to promote crowdfunding platforms, thereby bridging the gap between financial inflows and social needs.
Keywords
Social Impact Investing ; Entrepreneurship ; ARDL Framework ; Unemployment ; Governance
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