The Effect Of Government Expenditure On Private Investment In Ethiopia A Time Series Analysis

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The Effect Of Government Expenditure On Private Investment In Ethiopia A Time Series Analysis
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Author : Frew Hailu
language : en
Publisher: diplom.de
Release Date : 2015-01-01
The Effect Of Government Expenditure On Private Investment In Ethiopia A Time Series Analysis written by Frew Hailu and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-01-01 with Political Science categories.
This study attempts to investigate the effect of government expenditure on private investment in Ethiopia over the period 1980-2012. The central question of this study is weather government expenditure has a positive or crowding in effect (complementary hypothesis) or a negative or crowding out effect (the substitutability hypothesis )on private investment in Ethiopia. To achieve its objective it adopted a modified flexible accelerator model to enlighten on the economic relationship between private investment and the other variables and used the modern technique of vector auto regressive model (VAR) and vector error correction model(VECM)as its methodology. The study also used the Johansen-Juselius (1990) cointegration analysis of a multivariate system of equation to estimate the long run relationship between government expenditure and private investment to determine the order of integration of the variable and Granger-Causality test was undertaken to determine causal relationship between the variables. In addition to this the study employs the Augmented Dicky-Fuller (ADF) unit root test and phillip perron test. The statistical tests reveal that all-time series data are non-stationary in their level and they become stationary after diffrencing.i.e.they are integrated of order one I(1).The johansen-juselius cointegration test shows that the series are cointegrated and then employs the vector error correction model moreover the study applies the impulse response function (IRF)and forecast error variance decomposition (FEVD) to investigate the effect of government investment shocks on private investment. And the empirical findings support the complementary hypothesis between government capital expenditure and private investment and that tends to crowd-in private investment in Ethiopia. And the empirical finding of recurrent part of government expenditure shows a mixed effect of complementary hypothesis and substitutability hypothesis which tends to crowd-in and crowd out effect .Thus government expenditure have a positive as well as negative effect on private investment and finally the study is used CHOW test in order to know whether structural break has an effect on private investment or not and the result depict that there is a structural break that have a positive effect on private investment of Ethiopia.
The Effect Of Government Expenditure On Private Investment In Ethiopia A Time Series Analysis
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Author : Frew Hailu
language : en
Publisher: Anchor Academic Publishing (aap_verlag)
Release Date : 2015
The Effect Of Government Expenditure On Private Investment In Ethiopia A Time Series Analysis written by Frew Hailu and has been published by Anchor Academic Publishing (aap_verlag) this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015 with Business & Economics categories.
Loan And Investment In A Developing Economy
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Author : Arnis Vilks
language : en
Publisher: Cambridge Scholars Publishing
Release Date : 2017-05-11
Loan And Investment In A Developing Economy written by Arnis Vilks and has been published by Cambridge Scholars Publishing this book supported file pdf, txt, epub, kindle and other format this book has been release on 2017-05-11 with Business & Economics categories.
This collection investigates various issues of investment and credit that are of importance to any developing economy. It uses micro- and macro-economic data from Ethiopia to analyse such topics as determinants of foreign direct investment, of bank credit and trade credit, microfinance and poverty reduction, and rural credit issues. The book applies sophisticated, state-of-the-art statistical techniques to analyse the data and derive policy recommendations. To the extent that the Ethiopian economy shares many features and policy issues with other developing economies, the text will be of interest to academics working in the field of development economics, and also to policy makers and policy analysts in developing countries and in development agencies throughout the world.
Sectoral Analysis Of The Impact Of Foreign Aid On Economic Growth In Ethiopia Time Series Analysis Of Agriculture Education And Health Sectors
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Author : Fikadu Goshu
language : en
Publisher: diplom.de
Release Date : 2015-02-01
Sectoral Analysis Of The Impact Of Foreign Aid On Economic Growth In Ethiopia Time Series Analysis Of Agriculture Education And Health Sectors written by Fikadu Goshu and has been published by diplom.de this book supported file pdf, txt, epub, kindle and other format this book has been release on 2015-02-01 with Political Science categories.
This study has examined sectoral analysis of the impact of foreign aid on aggregate and sectoral economic growth in Ethiopia over the period 1981 to 2012 using Multivariate Vector Auto Regression analysis. All the necessary time series tests such as stationary test, co-integration test, weak exiguity test, vector error correction, and causality test in vector error correction model and the like are conducted. The empirical result from the growth equation shows that aid has a significant positive impact on educational sector GDP growth in the long run. On the other hand, foreign aid has positive but insignificant impact on real GDP growth, agriculture GDP growth, and health sector GDP growth of Ethiopia for the period under consideration. Foreign aid is effective in enhancing economic growth at aggregate level of Ethiopia in general and education sector in particular. The result of the study reveals that there is a bi-directional causal relationship between educational GDP and educational foreign aid in Ethiopia. There is also a unidirectional causality between agricultural aid and agricultural GDP growth. However, the health sector does not show any causality with their respective sector aid. This implies that aid allocated for certain sectors is ineffective in achieving its objectives of economic growth. Therefore, aid recipient country like Ethiopia has to work how to enhance the domestic revenue raising capacity of the country which is at the heart of the mechanism to meet the capital required for the economy in times of short falls and ineffectiveness of external resources.
Reaching Middle Income Status In Ghana By 2015 Public Expenditures And Agricultural Growth
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Author : Samuel Benin, Tewodaj Mogues, Godsway Cudjoe, and Josee Randriamamonjy
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Reaching Middle Income Status In Ghana By 2015 Public Expenditures And Agricultural Growth written by Samuel Benin, Tewodaj Mogues, Godsway Cudjoe, and Josee Randriamamonjy and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
Proceedings Of The 8th International Conference On Accounting Management And Economics Icame 2023
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Author : Arianto Patunru
language : en
Publisher: Springer Nature
Release Date : 2024-05-21
Proceedings Of The 8th International Conference On Accounting Management And Economics Icame 2023 written by Arianto Patunru and has been published by Springer Nature this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-05-21 with Business & Economics categories.
This is an open access book.The International Conference on Accounting, Management, and Economics (ICAME) is an annual agenda organized by the Faculty of Economics and Business, Hasanuddin University. In 2023, we would like to introduce to you the 8th ICAME with the current theme entitled “Establishing Inclusive Economy and Business”. SUB THEMEDevelopment EconomicsPublic EconomicsFinancial AccountingManagement AccountingFinance and InvestmentSustainability BusinessCorporate GovernanceHuman CapitalIslamic EconomicsOther Related; Accounting, Management, Economics Issues We hope that our conference can add discussions and information from various research towards the discourse of new economic policy in the post-pandemic era. This activity also became an important agenda in publishing scientific papers by academics and became a positive contribution to mapping Indonesia’s future development. Therefore, we would like to invite academics, practitioners, researchers to contribute to the development of economic and business management research through participating in the 8th of ICAME. Thank you for your participation and we look forward to meeting you at the conference.
Public Expenditures For Agricultural And Rural Development In Africa
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Author : Tewodaj Mogues
language : en
Publisher: Routledge
Release Date : 2012-03-15
Public Expenditures For Agricultural And Rural Development In Africa written by Tewodaj Mogues and has been published by Routledge this book supported file pdf, txt, epub, kindle and other format this book has been release on 2012-03-15 with Business & Economics categories.
Whereas there is plenty of work looking at macroeconomic effect of public spending on growth and poverty in Africa as well as studies of the impact of spending or investment in one economic sector on outcomes in that sector or on broader welfare measures, this book fills a much needed gap in the research looking how the composition of public spending affects key development outcomes in the region. The book brings together recent analysis on the trends in, and returns to, public spending for agricultural growth and rural development in Africa. Case studies of selected African countries provide insights on the contributions of different types of public expenditures for poverty, growth and welfare outcomes, as well as insights into the constraints in gaining development mileage from investments in the agricultural sector.
Foreign Aid S Impact On Public Spending
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Author : Tarhan Feyzioglu
language : en
Publisher: World Bank Publications
Release Date : 1996
Foreign Aid S Impact On Public Spending written by Tarhan Feyzioglu and has been published by World Bank Publications this book supported file pdf, txt, epub, kindle and other format this book has been release on 1996 with Cooperacion internacional categories.
Agricultural Growth And Investment Options For Poverty Reduction In Zambia
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Author : James Thurlow, Samuel Benin, Xinshen Diao, Henrietta Kalinda, and Thomson Kalinda
language : en
Publisher: Intl Food Policy Res Inst
Release Date :
Agricultural Growth And Investment Options For Poverty Reduction In Zambia written by James Thurlow, Samuel Benin, Xinshen Diao, Henrietta Kalinda, and Thomson Kalinda and has been published by Intl Food Policy Res Inst this book supported file pdf, txt, epub, kindle and other format this book has been release on with Social Science categories.
Econometric Analyses On Global Finance And Economic Development
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Author : Abdul-Maliq, Yekeen Oku
language : en
Publisher: IGI Global
Release Date : 2024-01-29
Econometric Analyses On Global Finance And Economic Development written by Abdul-Maliq, Yekeen Oku and has been published by IGI Global this book supported file pdf, txt, epub, kindle and other format this book has been release on 2024-01-29 with Business & Economics categories.
Understanding the complex interplay between economic ideologies, political systems, and international relations is more critical than ever. The legacy of the Cold War still lingers, shaping the global stage in myriad ways. The ideological divide between capitalism and communism, democracy and authoritarianism, has left a lasting mark on our political and economic landscapes. However, as the world continues to evolve, traditional definitions and assumptions about these ideologies have begun to blur, creating a pressing need for fresh perspectives. The book, Econometric Analyses on Global Finance and Economic Development, serves as a beacon of knowledge for scholars, students, and policymakers seeking a deeper understanding of economic history, political economy, and international relations. By meticulously analyzing fifteen countries, the book unveils a remarkable transformation in economic ideologies and their impact on prosperity. From the post-Cold War era to the present day, it provides empirical evidence of how these shifts have led to more resilient and buoyant economies. Targeted towards those interested in the intersection of history, economics, and politics, this book presents an extensive analysis of countries such as China, India, Vietnam, and many others, shedding light on their economic transformations and their path to global prosperity. Whether you are a student, a researcher, or a decision-maker in the fields of economics, international relations, or development finance, this book offers valuable insights into the dynamic forces shaping our world.