The Impacts of Investment on Economic Growth in Ethiopia
No Thumbnail Available
Date
2014-06
Authors
Journal Title
Journal ISSN
Volume Title
Publisher
Addis Ababa University
Abstract
The purpose of this study is to find out the impact of investment on
economic growth in Ethiopia in the short run and long run time period. For
this purpose co-integration and error correction model are applied covering
1981-2011 time periods. The results show that investment has positive and
significant impact on economic growth in the long run and short run
analysis. Along with investment other variables like imports and exchange
rate also affect economic growth. The short-term dynamic behavior of this
relationship was investigated by estimating an error correction model. The
error correction term was found to be statistically significant and has a
correct sign.
Description
Keywords
Investment on Eonomic Growth in Ethiopia