The Resource Investment and Growth Dynamics : an Empirical Assessment Applied to Benin, prepared by Issouf Samake

Investment and Growth Dynamics : an Empirical Assessment Applied to Benin, prepared by Issouf Samake

Label
Investment and Growth Dynamics : an Empirical Assessment Applied to Benin
Title
Investment and Growth Dynamics
Title remainder
an Empirical Assessment Applied to Benin
Statement of responsibility
prepared by Issouf Samake
Creator
Contributor
Author
Subject
Language
eng
Summary
We investigate the nexus of public and private investment and assess the impact of both types of investment on growth. Using annual data for 1965-2005, we employ a coherent set of structural VAR outputs to model investment and growth in Benin. We find that in addition to institutional and regulatory developments, public investment and private capital formation facilitated by access to financial services have a significant impact on growth. The analysis supports the crowding-in effect of public investment. It also confirms that the slow pace of improvement in Benin's economic freedom index, which reflects its relatively weak institutions and slow pace of reform, deters private investment. From the cointegration regressions, the speed-of-adjustment analysis suggests that 27 percent of the deviation of GDP from its long-run equilibrium is corrected every year, which implies that it takes two to three years to cut the gap in half
Related
Member of
Cataloging source
CEF
Dewey number
338.9
Government publication
international or intergovernmental publication
Index
index present
LC call number
HD87
LC item number
.S263 2008eb
Literary form
non fiction
Nature of contents
dictionaries
Series statement
IMF working paper
Series volume
WP/08/120
Label
Investment and Growth Dynamics : an Empirical Assessment Applied to Benin, prepared by Issouf Samake
Publication
Note
Available in PDF, ePUB, and Mobi formats on the Internet
Bibliography note
Includes bibliographical references
http://library.link/vocab/branchCode
  • net
Carrier category
online resource
Carrier category code
cr
Carrier MARC source
rdacarrier
Color
multicolored
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Contents
  • I. Introduction; II. Background and Stylized Facts; Figures; 1. Constant GDP and Private Investment, 1965-2005; 2. Selected Economic Indicators, 1965-2005; Text Tables; 1. Comparative Private Investment, 2000-05; III. The Model and Methodological Issues; A. Modeling Procedure; 2. Selected Countries: Rankings of Doing Business; B. Variable Choices and Ordering; 3. Study Objective and Econometric Methodology; C. The Model; D. Structural Model; IV. Empirical Evidence; A. Statistics Tests; B. Economic Interpretations; 4. Error Correction Model, 1965-2005
  • 4. Residual Normality Tests5. Historical Decomposition of GDP, 1975-2005; References
  • 5. Forecast-Error Variance Decomposition3. Historical Decomposition of Private Investment, 1975-2005; 4. Impulse Response to Various Types of Shock; V. Implications and Conclusions; Appendix Tables; 1. Unit Root Test, 2000-05; 2. Optimal Lag Length; 3. Residual Analysis of Unrestricted VAR(2); 4. Unrestricted Cointegration Rank Tests, 1965-2005; 5. AR, Normality, and Heteroschedasticity Tests; 6. Structural Model / Long-Run Matrix; Appendix Figures; 1. Time Series of Cointegration Vectors; 2. Cointegration Analysis: Recursive Eigenvalues; 3. Recursive Constancy Statistics
Control code
ocn815737329
Dimensions
unknown
Extent
1 online resource (34 pages)
Form of item
online
Isbn
9781451914344
Media category
computer
Media MARC source
rdamedia
Media type code
c
http://library.link/vocab/recordID
.b35543802
Specific material designation
remote
System control number
  • (OCoLC)815737329
  • imf1451914342

Library Locations

    • Deakin University Library - Geelong Waurn Ponds CampusBorrow it
      75 Pigdons Road, Waurn Ponds, Victoria, 3216, AU
      -38.195656 144.304955
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