Explaining Investment in the WAEMU

Athanasios Vamvakidis

No 1998/099, IMF Working Papers from International Monetary Fund

Abstract: This paper estimates an empirical model for investment in the West African Economic and Monetary Union (WAEMU), a region with relatively low investment shares, using annual data for the period 1970-95. Cross-country and time-series evidence shows that openness to international trade, competition in the domestic market, freedom of international capital transactions, and low dependency ratios are positively correlated with investment in the WAEMU region.

Keywords: WP; investment; investment share; share; economy; GDP; Africa; WAEMU economy; trade share; investment model; investment decision; Real exchange rates; Logit models; Competition; Deflation; Public investment spending (search for similar items in EconPapers)
Pages: 23
Date: 1998-07-01
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Citations: View citations in EconPapers (3)

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Persistent link: https://EconPapers.repec.org/RePEc:imf:imfwpa:1998/099

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