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The Impact of National Private Investment on Manufacturing in Egypt

Author

Listed:
  • Baher Mohamed Atlam

    (Department oF Economics, Faculty of Economics and Political Science, Cairo University, Egypt)

  • Ahmed Ashour Soltan

    (National Planning Institute, Egypt)

  • Noha Mohey Mohamed

    (Department of Economics, Faculty of Economics and Political Science, Cairo University, Egypt.)

Abstract

This paper aims to present national private investment development phases and its contribution in manufacturing sector in Egypt. Moreover it devoted to examine the effect of national private investment on Egyptian manufacturing. Vector autoregressive analysis was adopted based on yearly data for the period (1990-2015). Time series stationarity are checked by augmented Dicky Fuller test, and co- integration existence tested by Johansen co-integration test. The vector error correction model utilized to check the existence of long run relationship between the manufactured product as a dependent variable and the national private investment as explanatory variable. Finally this paper concluded that, however national private investment contribute high share to manufacturing sector, the empirical analysis results obtained negative impact of this type of investment on manufacturing sector in short and long run

Suggested Citation

  • Baher Mohamed Atlam & Ahmed Ashour Soltan & Noha Mohey Mohamed, 2017. "The Impact of National Private Investment on Manufacturing in Egypt," International Journal of Economics and Financial Issues, International Journal of Economics and Financial Issues, vol. 7(1), pages 192-200.
    • Handle: RePEc:eco:journ1:2017-01-25
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    References listed on IDEAS

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    3. Kalirajan, Kaliappa & Miankhel, Adil & Thangavelu, Shandre, 2009. "Foreign direct investment, exports, and economic growth in selected emerging countries: Multivariate VAR analysis," MPRA Paper 22763, University Library of Munich, Germany.
    4. Cornwall, John, 1976. "Diffusion, Convergence and Kaldor's Laws," Economic Journal, Royal Economic Society, vol. 86(342), pages 307-314, June.
    5. MacKinnon, James G, 1996. "Numerical Distribution Functions for Unit Root and Cointegration Tests," Journal of Applied Econometrics, John Wiley & Sons, Ltd., vol. 11(6), pages 601-618, Nov.-Dec..
    6. Ejaz Ghani & Musleh-Ud Din, 2006. "The Impact of Public Investment on Economic Growth in Pakistan," The Pakistan Development Review, Pakistan Institute of Development Economics, vol. 45(1), pages 87-98.
    7. Mr. Dhaneshwar Ghura, 1997. "Private Investment and Endogenous Growth: Evidence From Cameroon," IMF Working Papers 1997/165, International Monetary Fund.
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    Cited by:

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    More about this item

    Keywords

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    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • L60 - Industrial Organization - - Industry Studies: Manufacturing - - - General
    • N67 - Economic History - - Manufacturing and Construction - - - Africa; Oceania

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