Browsing by Author "Hussen, Abdulkader"

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    Private Investment and Economic Growth: Evidence from Ethiopia.
    (A.A.U, 2007-07) Hussen, Abdulkader; Wouterse, Fleur(Dr.)
    The paper investigates the relationship between private investment, economic growth and Public investment in a neoclassical growth framework over the period 1971-2006. To account for the problem of endogeneity and non stationarity, it employs co integrated vector auto regressive model. Results suggest that both private and public investment contributed positively to economic growth in Ethiopia for the period under study. The impact of private investment on real growth has been greater than that of the public sector investment. Public sector investment also has complimentary with private capital formation, implying that crowding in impact of public investment on the private investment. Such a crowding in effect for a country like Ethiopia where the private investment is at its low development stage is essential to improve its productivity and enhances economic growth