Work

Modelling the long run determinants of private investment in Senegal

Year: 2004

Type: preprint

Abstract: This paper investigates the determinants of private investment in Senegal over the period of 1970-2000.It first tests the variables for unit root using two, relatively, new tests namely the Dickey-Fuller generalised least square de-trending test proposed by Elliot et al. (1996) and the Ng-Perron test following Ng and Perron (2001).The long run private investment equation is derived using the Johansen cointegration techniques (Johansen, 1988;Johansen and Juselius, 1990) and the newly developed bounds test approach proposed by Pesaran et al. (2001).In both cases, the results indicate that public investment, real income and foreign aid flows affect positively private investment, whilst the impact of credit to private sector and terms of trade is negative.

Source: RePEc: Research Papers in Economics

Author: Bazoumana Ouattara

Institution: University of Manchester

Language: English

Topic: Monetary Policy and Economic Impact

Subfield: General Economics, Econometrics and Finance

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: green

Funders: Université Catholique de Louvain, Tulane University, University of Otago, University of Leicester, University of Bath, University of Glasgow, Rijksuniversiteit Groningen, Universidade do Minho

OpenAlex ID: W1596934628

Cites: 103

Cited by: 159

Related to: 10