Explaining Investment in the WAEMU

Author/Editor:

Athanasios Vamvakidis

Publication Date:

July 1, 1998

Electronic Access:

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Disclaimer: This Working Paper should not be reported as representing the views of the IMF.The views expressed in this Working Paper are those of the author(s) and do not necessarily represent those of the IMF or IMF policy. Working Papers describe research in progress by the author(s) and are published to elicit comments and to further debate

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. 98/99

Subject:

English

Publication Date:

July 1, 1998

ISBN/ISSN:

9781451852240/1018-5941

Stock No:

WPIEA0991998

Format:

Paper

Pages:

23

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