The causal relationship between private and public investment in Zimbabwe

Muyambiri, B., Chiwira, O., Ngonidzashe, C. and Enowbi Batuo, M. 2012. The causal relationship between private and public investment in Zimbabwe. British Journal of Economics, Management & Trade. 2 (3), pp. 239-264. https://doi.org/10.9734/BJEMT/2012/1213#sthash.vRIGH6Eu.dpuf

TitleThe causal relationship between private and public investment in Zimbabwe
AuthorsMuyambiri, B., Chiwira, O., Ngonidzashe, C. and Enowbi Batuo, M.
Abstract

Aims: The study examines the relationship between private and public investment in Zimbabwe utilizing yearly time series data for the period 1967 to 2004.

Study Design: Time Series Study.

Place and Duration of Study: Zimbabwe, May 2011 to July 2011.

Methodology: Emphasis is placed on the direction of causality and the long run and short run effect of the two types of investment on each other. The paper constructs empirical models for both private and public investment, based on the flexible accelerator theory. Private investment is found to be cointegrated with public investment. A cointergration and VEC models are employed to assess the long and short run

relationship existing between public and private investment.

Conclusion: The relationship between private and public investment is found to be insignificant and the direction of causality found to be unidirectional. The results support the notion that private investment precedes public investment.

JournalBritish Journal of Economics, Management & Trade
Journal citation2 (3), pp. 239-264
ISSN2278-098X
Year2012
PublisherSCIENCEDOMAIN international
Digital Object Identifier (DOI)https://doi.org/10.9734/BJEMT/2012/1213#sthash.vRIGH6Eu.dpuf
Publication dates
Published22 Sep 2012

Related outputs

The role of governance in the effect of the internet on financial inclusion in sub-Saharan Africa
Batuo Enowbi, M., Armand F. Akpa and Simplice A. Asongu 2024. The role of governance in the effect of the internet on financial inclusion in sub-Saharan Africa. Information Technology for Development.

Variations in the determinants of regional development disparities in rural China
Zheng L., Shepherd, D. and Enowbi Batuo, M. 2021. Variations in the determinants of regional development disparities in rural China. Journal of Rural Studies. 82, pp. 29-36. https://doi.org/10.1016/j.jrurstud.2020.08.011

Is information diffusion a threat to market power for financial access? Insights from the African banking industry
Asongu, S., Enowbi Batuo, M., Nwachukwu, J. and Tchamyou, V. 2018. Is information diffusion a threat to market power for financial access? Insights from the African banking industry. Journal of Multinational Financial Management. 45, pp. 88-104. https://doi.org/10.1016/j.mulfin.2018.04.005

Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa
Enowbi Batuo, M., Mlambo, Kupukile and Asongu, Simplice 2018. Linkages between financial development, financial instability, financial liberalisation and economic growth in Africa. Research in International Business and Finance. 45, pp. 168-179. https://doi.org/10.1016/j.ribaf.2017.07.148

The Impact of Regional and Institutional Factors on Labour productive Performance: Evidence from the Township and Village Enterprise Sector in China
Zheng, L., Enowbi Batuo, M. and Shepherd, D. 2017. The Impact of Regional and Institutional Factors on Labour productive Performance: Evidence from the Township and Village Enterprise Sector in China. World Development. 96, pp. 591-598. https://doi.org/10.1016/j.worlddev.2017.04.006

The impact of liberalisation policies on poverty and inequality in African countries
Enowbi Batuo, M. and Asongu, S. 2015. The impact of liberalisation policies on poverty and inequality in African countries. Journal of Economic Studies. 42 (1), pp. 68-100. https://doi.org/10.1108/JES-05-2013-0065

The role of telecommunications infrastructure in the regional economic growth of Africa
Enowbi Batuo, M. 2015. The role of telecommunications infrastructure in the regional economic growth of Africa. Journal of Developing Areas. 49 (1), pp. 313-330. https://doi.org/10.1353/jda.2015.0005

Financial development and income inequality: evidence from African countries
Enowbi Batuo, M., Guidi, F. and Kupukile, M. 2011. Financial development and income inequality: evidence from African countries. African Development Bank Conference.

Testing the weak-form market efficiency and the day of the week effects of some African countries
Enowbi Batuo, M., Guidi, F. and Kupukile, M. 2010. Testing the weak-form market efficiency and the day of the week effects of some African countries. The African Finance Journal. 12, pp. 1-26.

The trade specialization of SANE: evidence from manufacturing industries
Enowbi Batuo, M. and Alessandrini, M. 2010. The trade specialization of SANE: evidence from manufacturing industries. The European Journal of Comparative Economics. 7 (1), pp. 145-178.

How can economic and political liberalisation improve financial development in African countries?
Enowbi Batuo, M. and Mlambo, K. 2009. How can economic and political liberalisation improve financial development in African countries? Journal of Financial Economic Policy. 2 (1), pp. 35-59.

Permalink - https://westminsterresearch.westminster.ac.uk/item/8z629/the-causal-relationship-between-private-and-public-investment-in-zimbabwe


Share this

Usage statistics

139 total views
0 total downloads
These values cover views and downloads from WestminsterResearch and are for the period from September 2nd 2018, when this repository was created.