scholarly journals Determinants of private investments in Turkey: Examining the role of democracy

2020 ◽  
Vol 20 (1) ◽  
pp. 23-49
Author(s):  
Selçuk Akçay ◽  
Alper Karasoy
Keyword(s):  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Gdp Growth Rate ◽  
Investment Function ◽  
Ardl Bounds Testing Approach

AbstractThis study investigates the determinants of private sector investments in Turkey with a focus on democracy. Using the Autoregressive Distributed Lag (ARDL) bounds testing approach and two different democracy indices along with the other determinants of private investment, we estimated a private investment function for the 1975-2014 period. Our main finding is that democracy has a profound positive impact on private investment. Moreover, the results show that: (i) public investment is a substitute to private investment; (ii) macroeconomic instability dissuades private investment; (iii) real interest is a serious impediment to private investment; (iv) financial development and GDP growth rate stimulate private investment.

scholarly journals Effect of Public Investment on Private Investment: Evidence from Ethiopia

2022 ◽  
Vol 3 (1) ◽  
Author(s):  
Temesgen Merga
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Public Investment ◽  
Private Investment ◽  
Crowding Out ◽  
Bounds Testing ◽  
Policy Makers ◽  
Long Run ◽  
Short Run ◽  
Ardl Bounds Testing Approach

This study examined the effect of public investment on private investment and their relative effects on Ethiopia economic growth. The study employed the ARDL bounds testing approach. The empirical results revealed that public investment has a crowding-in effect on private investment in the long run which means, public investment stimulates private investment in the long run. However, the study revealed that public investment has a crowding out effect on private investment. In the other word, public investment has no direct impact on economic growth in the long run. However, private investment has a significant positive impact on economic growth in the long run while it is negatively related to economic growth in the short run. This suggests that private investment positively contributes to economic growth more than public investment. In addition, economic growth is positively associated with private investment although it is statistically insignificant in the long run. This implies that it is prudent for policy makers not to cut back on the efficient component of public investment and increase infrastructural public investment to a level that promotes private investment in the long run thereby indirectly fostering economic growth.

scholarly journals Examining the Relationship between Financial Development and International Trade in Croatia

2017 ◽  
Vol 12 (1) ◽  
pp. 80-88 ◽  
Author(s):  
Vlatka Bilas ◽  
Mile Bosnjak ◽  
Ivan Novak
Keyword(s):  
International Trade ◽  
Financial Development ◽  
Bounds Testing ◽  
Significance Level ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Short Run ◽  
The Relationship ◽  
Ardl Bounds Testing Approach

AbstractThis paper examines the relationship between financial development and international trade in Croatia over the period from the first quarter of 1997 and the last quarter of 2015. The autoregressive distributed lag (ARDL) bounds testing approach to cointegration is applied to examine the long-run and short-run relationships among the series. The research hypothesis is accepted and the relationship between financial development and international trade in Croatia is established and confirmed. The research results reveal unidirectional Granger causality from financial development to international trade at the 10% significance level, and negative long-run and the positive short-run relationships between financial developments and international trade in Croatia.

Globalisation and Economic Growth in India: An ARDL Approach

2021 ◽  
pp. 001946622110153
Author(s):  
Suadat Hussain Wani ◽  
M. Afzal Mir
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Bounds Testing ◽  
Foreign Investors ◽  
Jel Codes ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Ardl Approach ◽  
Bounds Testing Approach ◽  
Testing Approach

This study aims to investigate the relation between globalisation, which includes foreign direct investment (FDI), exports, imports, foreign remittances and economic growth in India. To achieve the said objective, Autoregressive Distributed Lag bounds testing approach has been utilised. The study indicates that imports and FDI positively affect economic growth in India. On the other hand, exports and foreign remittances have negative and significant relationship with economic growth. This suggests that exports and foreign remittances take more time to spillover positive impact on economic performance of India. The findings suggest that FDI should be encouraged to promote exports, export-led growth and joint ventures with foreign investors in the country. JEL Codes: F30, F10, F10, F24, C22

scholarly journals FDI-Led-Growth in Malaysia: Autoregressive Distributed Lag (ARDL) Bounds Testing Approach

2018 ◽  
Vol 11 (11) ◽  
pp. 46
Author(s):  
Jerome Kueh ◽  
Yong Sze Wei
Keyword(s):  
Economic Growth ◽  
Financial Crisis ◽  
Global Financial Crisis ◽  
Negative Impact ◽  
Positive Impact ◽  
Bounds Testing ◽  
Policy Makers ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
The Impact

This study intends to investigate the validity of the foreign direct investment, FDI-led-growth hypothesis in Malaysia in this era. Autoregressive Distributed Lag (ARDL) bounds test approach is adopted to examine the impact of FDI inflow towards growth of Malaysia based on annually data from 1980 to 2016. Empirical results indicate that FDI inflow has significant positive impact on economic growth. This implies that FDI inflow remain important tool for stimulating economic growth of Malaysia. In addition, there is a negative impact of FDI inflow on economic growth during the 1997 Asian Financial crisis and positive impact during the 2008 Global Financial crisis. In terms of policy recommendation, the policy makers should continue to develop strategies to further attract FDI that will contribute to increasing the productivity in the country.

scholarly journals Empirical Study on Tourism and Economic Growth of Bahrain: An ARDL Bounds Testing Approach

2015 ◽  
Vol 7 (11) ◽  
pp. 1 ◽  
Author(s):  
Fuad M. Kreishan
Keyword(s):  
Economic Growth ◽  
Positive Impact ◽  
Tourism Industry ◽  
Bounds Testing ◽  
Time Series Econometrics ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Long Run ◽  
Tourism Activity ◽  
Growth Hypothesis

<p>This paper empirically investigates the tourism-led-growth hypothesis (TLGH) in case of Bahrain. Using time series econometrics techniques the study examines the long run relationship between international tourism and economic growth in Bahrain by using Autoregressive Distributed Lag (ARDL) model over the period of 1990 to 2014. The results obtained from the analyses show that there is a positive relationship between tourism development and economic growth in Bahrain. Moreover, the results indicate that there is unidirectional Granger causality flow from tourism to economic growth in Bahrain. Hence, the development of tourism activity will thus have a positive impact on Bahrain economy. Our findings imply that Bahrain may enhance its economic growth by strategically strengthening the tourism industry in the country. <br /><strong></strong></p>

scholarly journals Are China and India decoupling from the United States?

2018 ◽  
Vol 65 (1) ◽  
pp. 65-78
Author(s):  
Kıvanç Arıç ◽  
Serkan Taştan
Keyword(s):  
United States ◽  
The United States ◽  
Economic Literature ◽  
Bounds Testing ◽  
China And India ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Advanced Economies ◽  
Ardl Bounds Testing Approach

After the 2008 global economic crisis, there has been an attention on decoupling conditions between emerging and advanced economies in the economic literature. There have been different conclusions about decoupling. In this study, we analyzed the conditions decoupling China and India from the United States. We used the autoregressive distributed lag (ARDL) bounds testing approach for the period of 1960-2014. According to the results of the analysis, the U.S. gross domestic product (GDP), export, and import indicators have no long-term relationship with China?s and India?s GDP.

scholarly journals Contribution of Beef, Mutton, and Poultry Meat Production to the Agricultural Gross Domestic Product of Pakistan Using an Autoregressive Distributed Lag Bounds Testing Approach

SAGE Open ◽  
2019 ◽  
Vol 9 (3) ◽  
pp. 215824401987719 ◽  
Author(s):  
Abdul Rehman ◽  
Zhang Deyuan ◽  
Abbas Ali Chandio
Keyword(s):  
Gross Domestic Product ◽  
Poultry Meat ◽  
Domestic Product ◽  
Meat Production ◽  
Bounds Testing ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Bounds Testing Approach ◽  
Testing Approach ◽  
Ardl Bounds Testing Approach

Meat is considered an important nutrient of human’s life to gain energy. It accounts as a significant portion of the typical diet in the globe and provides vitamins, minerals, protein, and fats, which are important and have a beneficial effect on the well-being. The major aim of this article is to investigate and explore the association between beef, mutton, poultry meat production, and agricultural gross domestic product in Pakistan. An Augmented Dickey–Fuller unit root test was applied to check the variables’ stationarity, while an autoregressive distributed lag (ARDL) bounds testing approach to cointegration was used to investigate the association among the study variables. Furthermore, a forecasting technique was used to project the future production of beef, mutton, and poultry meat in Pakistan. Study results demonstrated the long-standing associations amid the variables. In the long-run analysis, the coefficient of beef production showed a positive effect on the agricultural gross domestic product, while the coefficients of mutton production and poultry meat production showed a nonsignificant association with the agricultural gross domestic product of Pakistan. By applying the ARDL bounds testing approach to cointegration that examines the association between agricultural gross domestic product, beef, mutton, and poultry meat production in Pakistan makes the present study distinctive.

scholarly journals CREDIT DOWNTURN IN THE AFTERMATH OF INDONESIAN CRISIS 1997 REVISITED: AN APPLICATION OF ARDL BOUNDS TESTING APPROACH

2007 ◽  
Vol 9 (4) ◽  
Author(s):  
Erwin Gunawan Hutapea
Keyword(s):  
Bounds Testing ◽  
Distributed Lag ◽  
Autoregressive Distributed Lag ◽  
Testing Data ◽  
Ardl Bounds Testing ◽  
Bounds Testing Approach ◽  
Testing Approach ◽  
Ardl Bounds Testing Approach

Studi ini bertujuan mengestimasi persamaan jangka panjang permintaan kredit dan penawarankredit di Indonesia dengan menggunakan teknik pengujian kointegrasi yang relatif baru, yaitu teknik autoregressive distributed lag (ARDL) bounds testing. Data yang digunakan adalah data kuartalan pada periode 1985Q1-2004Q2.Hasil estimasi menunjukkan bahwa permintaan kredit dan penawaran kredit memiliki hubungan jangka panjang (terkointegrasi) dengan faktor-faktor yang mempengaruhinya. Selain itu, pengujian CUSUM dan CUSUMSQ menunjukkan bahwa koefisien kedua persamaan jangka panjang tersebut memiliki stabilitas. Plot estimasi permintaan kredit dan penawaran kredit menunjukkan bahwa lambatnya proses pemulihan penyaluran kredit setelah krisis di Indonesia lebih banyak disebabkan oleh lemahnya permintaan kredit.Keywords:ARDL, cointegration, bounds testing, ECM, credit, IndonesiaJEL Classification: C32, C52, E51

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