Private and Public Investment in Ethiopia: Pre and Post Reform


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  • Product Description

The paper tries to portray the relationship between private and public investment in Ethiopia using an ARDL co-integration approach. The result indicates that public investment complements private investment in the long run. Besides public credit to the private sector, real GDP and real lending interest rate have a positive impact on private investment while the level of uncertainty measured by the change in consumer price index and adverse movement in the terms of trade have a negative effect. The result also found evidence of bi directional causality (feedback effect) between real GDP and private investment. The results of impulse response and variance decomposition suggest that the consequences of shocks in real GDP and public investment become more noticeable in the long run with stable parameters.

Product Specifications
SKU :COC69333
AuthorLulseged Mohammed Asegu
Number of Pages160
Publishing Year2011-08-03T00:00:00.000
Edition1 st
Book TypeEconomics
Country of ManufactureIndia
Product BrandVDM Verlag Dr. Müller
Product Packaging InfoBox
In The Box1 Piece
Product First Available On ClickOnCare.com2015-07-08 00:00:00
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