An Analysis of Long Run Determinants on Domestic Private Investment in Côte d'Ivoire

Nahoussé, Diabate

doi:10.19044/esj.2016.v12n28p240

Cited by 3 publications

(10 citation statements)

References 9 publications

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“…In addition, this result highlights the importance of economic openness and economic integration for ivorian economy. On the empirical level, this result is consistent with the work of Ajide [35] and Diabaté [14].…”

Section: Residual Diagnostics Testssupporting

confidence: 92%

“…Finally, the stability of government measures the ability of governments to deliver the programs they have planned and to stay in place. Keeping in mind the discussion above, and the study of Diabaté [14], the equation of our private investment model is assumed to take the following representation:…”

Section: Specification Of the Modelmentioning

confidence: 99%

“…Although the literature on investment is broad in both developed and developing countries, there are not many studies on the experiences of specific countries, especially for countries in the sub-Saharan region. For example, in Côte d'Ivoire, Diabaté [14] and Ouattara [15] conducted studies on the determinants of private investment. In his study, Diabaté [14] attempts to model the long-term determinants of domestic private investment in Côte d'Ivoire.…”

Section: Introductionmentioning

confidence: 99%

“…For example, in Côte d'Ivoire, Diabaté [14] and Ouattara [15] conducted studies on the determinants of private investment. In his study, Diabaté [14] attempts to model the long-term determinants of domestic private investment in Côte d'Ivoire. The ARDL econometric technique is used.…”

Section: Introductionmentioning

confidence: 99%

“…Thus, efforts should be geared towards developing the necessary public investments in infrastructure such as constant electricity supply, good highways and the elimination of the negative effects of external shocks caused by uncertainty of investment on infrastructure and the deterioration of the terms of trade. Ouattara [14] analyzes the impact of corruption on public and private investments in Côte d'Ivoire and their effects on economic growth. Using data from the World Development Indicators (WDI) and Transparency International (TI) from 1998 to 2013, it shows empirically that corruption is a factor in overestimating the amount of investment in Côte d'Ivoire.…”

Section: Introductionmentioning

confidence: 99%

See 4 more Smart Citations

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Nahoussé¹

2019

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This study highlights the role of institutional factors in determining private investment in Côte d'Ivoire. The data come from the World Bank and the "Political Risk Services Group". The Autoregressive Distributed Lag (ARDL) approach was used. The reduction of investment risks, the fight against corruption and the preservation of governmental stability are determining factors of private investment in Côte d'Ivoire. It is recommended to establish a national authority with exceptional sanctioning powers to fight corruption more effectively and to promote a democratic culture that ensures a better quality of the institutional environment.

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Section: Residual Diagnostics Testssupporting

confidence: 92%

Section: Specification Of the Modelmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

Section: Introductionmentioning

confidence: 99%

See 3 more Smart Citations

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Nahoussé¹

2019

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Empirical evidence on the relationship between migrants' remittances and private investment in Burkina Faso: A dynamic simultaneous equation model

Yoda,

Diendere

2023

J of Intl Development

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This research explores the channels through which migrant remittances can promote private investment. The research method favours a dynamic simultaneous equation model estimated using a combination of the bootstrap method and the three‐stage least squares estimator to account for the interdependence between remittances and private investment. The study area is Burkina Faso, and the period of analysis covers the period 1985–2021. One of the main findings is that the level of corruption risk and the demographic dependency ratio are important transmission channels. Findings suggest creating an institutional framework that enhances the level of transparency and accountability and accelerates the demographic transition process.

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"Does Foreign Direct Investment Crowd in or Crowd out Domestic Investment in South Africa? An ARDL-ECM Approach "

Pamba¹

2023

IJMRE

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The aim of this study is to empirically examine the link between Foreign Direct Investment (FDI) and Domestic Investment (DI) in South Africa over the period of 41 years . Accurately, it attempts to determine whether FDI crowds in or crowds out DI in South Africa. DI is sub-divided into private domestic investment (credit to the domestic private sector) and public corporation investment (state owned enterprises). We used the Autoregressive Distributed Lag-Error Correction Model (ARDL-ECM) technique to ascertain long run and short run effects concurrently after establishing that the variables were stationary (using the PP test). The results of the unit root test show that all variables are integrated of order zero I(0) or integrated of order one I(1), indicating that the series of variables are stationary in the level or first difference form. The findings revealed that variables are cointegrated in the long run. The ARDL model found a negative link between FDI and domestic investment. The result implies that FDI crowds out domestic investment. Moreover, the long-run estimate revealed that domestic investment is crowded in by government investment expenditure (GINV). Other findings indicate that, GDP crowds out private domestic investment while crowding in public corporation investment. Moreover, the long-run estimate revealed that domestic investment is crowded in by gross domestic savings (SAV). On the other hand, the real exchange rate (EXCR) crowds out private domestic investment while crowding in public corporation investment. Trade openness (TRA) crowds out domestic investment. Furthermore, the short run estimate revealed that FDI, EXCR, and TRA are crowding out private domestic investment while GINV, GDP, and SAV are crowding in private domestic investment. Other findings discovered that, in the short run, public corporation investment is crowded out by FDI, GDP, EXCR and TRA, while GINV and SAV crowd in public corporation investment.According to the CUSUM, the models are structurally stable.

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An Analysis of Long Run Determinants on Domestic Private Investment in Côte d'Ivoire

Cited by 3 publications

References 9 publications

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Empirical evidence on the relationship between migrants' remittances and private investment in Burkina Faso: A dynamic simultaneous equation model

"Does Foreign Direct Investment Crowd in or Crowd out Domestic Investment in South Africa? An ARDL-ECM Approach "

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An Analysis of Long Run Determinants on Domestic Private Investment in Côte d'Ivoire

Cited by 3 publications

References 9 publications

Government Stability, Corruption, Investment Conditions and Private Investment in C&#244;te d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Government Stability, Corruption, Investment Conditions and Private Investment in C&#244;te d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Empirical evidence on the relationship between migrants' remittances and private investment in Burkina Faso: A dynamic simultaneous equation model

"Does Foreign Direct Investment Crowd in or Crowd out Domestic Investment in South Africa? An ARDL-ECM Approach "

Contact Info

Product

Resources

About

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach