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Explaining Investment in the WAEMU

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  • Mr. Athanasios Vamvakidis

Abstract

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.

Suggested Citation

  • Mr. Athanasios Vamvakidis, 1998. "Explaining Investment in the WAEMU," IMF Working Papers 1998/099, International Monetary Fund.
    • Handle: RePEc:imf:imfwpa:1998/099
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    Cited by:

    1. Ibrahim, Ngouhouo & Orfe, Chouafi Nguekam & Gilbert, Noula Armand & Honore, Tekam Oumbe, 2019. "Effects of Socio-Economic Conditions on the Relationship between Public and Private investments in the CEMAC Zone," Asian Journal of Economic Modelling, Asian Economic and Social Society, vol. 7(1), pages 1-13, March.
    2. Sambulo Malumisa, 2013. "Comparative Analysis of the Determinants and Behaviour of Investment Demand between South Africa and Zimbabwe," Journal of Economics and Behavioral Studies, AMH International, vol. 5(6), pages 385-397.
    3. Kablan, Sandrine, 2003. "Analyse de la demande de crédit du secteur privé dans l’UEMOA : [Credit demand for the private sector in WAEMU]," MPRA Paper 41318, University Library of Munich, Germany, revised 28 Sep 2003.

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