Explaining Investment in the WAEMU
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Summary:
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.
Series:
Working Paper No. 1998/099
Subject:
Competition Deflation Econometric analysis Expenditure Financial markets Foreign exchange Logit models Prices Public investment spending Real exchange rates
English
Publication Date:
July 1, 1998
ISBN/ISSN:
9781451852240/1018-5941
Stock No:
WPIEA0991998
Pages:
23
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