Investment and Growth Dynamics: An Empirical Assessment Applied to Benin
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...
Gespeichert in:
| 1. Verfasser: | |
|---|---|
| Format: | Elektronisch E-Book |
| Sprache: | English |
| Veröffentlicht: |
Washington, D.C
International Monetary Fund
2008
|
| Schriftenreihe: | IMF Working Papers
Working Paper No. 08/120 |
| Schlagworte: | |
| Online-Zugang: | UBW01 UEI01 LCO01 SBR01 UER01 SBG01 UBG01 FAN01 UBT01 FKE01 UBY01 UBA01 FLA01 UBM01 UPA01 UBR01 FHA01 FNU01 BSB01 TUM01 Volltext |
| Zusammenfassung: | 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 |
| Beschreibung: | Includes bibliographical references |
| Beschreibung: | 1 Online-Ressource (34 p) |
| ISBN: | 1451869800 9781451869804 |
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| illustrated | Not Illustrated |
| index_date | 2024-07-03T20:13:25Z |
| indexdate | 2024-07-10T09:35:34Z |
| institution | BVB |
| isbn | 1451869800 9781451869804 |
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| record_format | marc |
| series2 | IMF Working Papers |
| spelling | Samaké, Issouf Verfasser aut Investment and Growth Dynamics An Empirical Assessment Applied to Benin Samaké, Issouf Washington, D.C International Monetary Fund 2008 1 Online-Ressource (34 p) txt rdacontent c rdamedia cr rdacarrier IMF Working Papers Working Paper No. 08/120 Includes bibliographical references 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 Online-Ausg Economic development Benin Econometric models Investments Benin Econometric models Benin / Economic conditions / Econometric models Electronic books http://elibrary.imf.org/view/IMF001/09247-9781451869804/09247-9781451869804/09247-9781451869804.xml Verlag URL des Erstveröffentlichers Volltext |
| spellingShingle | Samaké, Issouf Investment and Growth Dynamics An Empirical Assessment Applied to Benin Economic development Benin Econometric models Investments Benin Econometric models |
| title | Investment and Growth Dynamics An Empirical Assessment Applied to Benin |
| title_auth | Investment and Growth Dynamics An Empirical Assessment Applied to Benin |
| title_exact_search | Investment and Growth Dynamics An Empirical Assessment Applied to Benin |
| title_exact_search_txtP | Investment and Growth Dynamics An Empirical Assessment Applied to Benin |
| title_full | Investment and Growth Dynamics An Empirical Assessment Applied to Benin Samaké, Issouf |
| title_fullStr | Investment and Growth Dynamics An Empirical Assessment Applied to Benin Samaké, Issouf |
| title_full_unstemmed | Investment and Growth Dynamics An Empirical Assessment Applied to Benin Samaké, Issouf |
| title_short | Investment and Growth Dynamics |
| title_sort | investment and growth dynamics an empirical assessment applied to benin |
| title_sub | An Empirical Assessment Applied to Benin |
| topic | Economic development Benin Econometric models Investments Benin Econometric models |
| topic_facet | Economic development Benin Econometric models Investments Benin Econometric models |
| url | http://elibrary.imf.org/view/IMF001/09247-9781451869804/09247-9781451869804/09247-9781451869804.xml |
| work_keys_str_mv | AT samakeissouf investmentandgrowthdynamicsanempiricalassessmentappliedtobenin |