Public and private investment and economic growth in Malawi: An ARDL-bounds testing approach

dc.contributor.author	Makuyana, Garikai
dc.date.accessioned	2017-02-14T09:45:03Z
dc.date.available	2017-02-14T09:45:03Z
dc.date.issued	2017-02
dc.identifier.uri	http://hdl.handle.net/10500/22003
dc.description	Public and private investment and economic growth in Malawi:An ARDL-bounds testing approach	en
dc.description.abstract	This paper examines the relative contribution of public and private investment to economic growth in Malawi from 1970 to 2014 – using the recently developed autoregressive distributed lag model (ARDL) bounds testing procedure. The study also examines the crowding-out or crowding-in effect of public investment on private investment. Unlike most previous studies on this subject which are cross-sectional in nature, this study examines the differential impacts of public and private investment on economic growth focusing on Malawi. The main finding of this study is that while private investment contributes more to economic growth than public investment in Malawi, infrastructural public investment tends to crowd-in private investment.	en
dc.language.iso	en	en
dc.subject	Malawi;public investment;private investment;economic growth;ARDL-bounds testing approach	en
dc.title	Public and private investment and economic growth in Malawi: An ARDL-bounds testing approach	en
dc.type	Working Paper	en
dc.description.department	Colleges of Economic and Management Sciences	en
dc.contributor.author2	Odhiambo, Nicholas Mbaya