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

Garikai Makuyana and Nicholas Odhiambo

No 22003, Working Papers from University of South Africa, Department of Economics

Abstract: 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.

Keywords: Malawi; public investment; private investment; economic growth; ARDL-bounds testing approach (search for similar items in EconPapers)
Date: 2017-02
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://uir.unisa.ac.za/bitstream/handle/10500/2200 ... STING%20APPROACH.pdf (application/pdf)

Related works:
Journal Article: Public and private investment and economic growth in Malawi: an ARDL-bounds testing approach (2019)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:uza:wpaper:22003

Access Statistics for this paper

More papers in Working Papers from University of South Africa, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Shaun Donovan ().