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https://doi.org/10.1080/1331677X.2019.1578677

Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach

Garikai Makuyana ; Department of Economics, University of South Africa, Pretoria, South Africa
Nicholas M. Odhiambo ; Department of Economics, University of South Africa, Pretoria, South Africa

Puni tekst: engleski, pdf (2 MB) str. 673-689 preuzimanja: 56* citiraj
APA 6th Edition
Makuyana, G. i M. Odhiambo, N. (2019). Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach. Economic research - Ekonomska istraživanja, 32 (1), 673-689. https://doi.org/10.1080/1331677X.2019.1578677
MLA 8th Edition
Makuyana, Garikai i Nicholas M. Odhiambo. "Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach." Economic research - Ekonomska istraživanja, vol. 32, br. 1, 2019, str. 673-689. https://doi.org/10.1080/1331677X.2019.1578677. Citirano 04.04.2020.
Chicago 17th Edition
Makuyana, Garikai i Nicholas M. Odhiambo. "Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach." Economic research - Ekonomska istraživanja 32, br. 1 (2019): 673-689. https://doi.org/10.1080/1331677X.2019.1578677
Harvard
Makuyana, G., i M. Odhiambo, N. (2019). 'Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach', Economic research - Ekonomska istraživanja, 32(1), str. 673-689. https://doi.org/10.1080/1331677X.2019.1578677
Vancouver
Makuyana G, M. Odhiambo N. Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach. Economic research - Ekonomska istraživanja [Internet]. 2019 [pristupljeno 04.04.2020.];32(1):673-689. https://doi.org/10.1080/1331677X.2019.1578677
IEEE
G. Makuyana i N. M. Odhiambo, "Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach", Economic research - Ekonomska istraživanja, vol.32, br. 1, str. 673-689, 2019. [Online]. https://doi.org/10.1080/1331677X.2019.1578677

Sažetak
This paper examines the relative contribution of public and private investment to economic growth in Malawi from 1970 to 2014–using the recently developed autoregressive distributed lag model (ARDL) bounds testing procedure. The study also examines the crowding-out or crowding-in effect of public investment on private investment. Unlike most previous studies on this subject which are cross-sectional in nature, this study examines the differential impacts of public and private investment on economic growth focusing on Malawi. The main finding of this study is that while private investment contributes more to economic growth than public investment in Malawi, infrastructural public investment tends to crowd-in private investment

Ključne riječi
Malawi; Public Investment; Private Investment; Economic Growth; ARDL- bounds testing approach

Hrčak ID: 228610

URI
https://hrcak.srce.hr/228610

Posjeta: 94 *