Explaining Investment in the WAEMU

23 Pages Posted: 15 Feb 2006

See all articles by Athanasios Vamvakidis

Athanasios Vamvakidis

International Monetary Fund (IMF) - European Department

Date Written: July 1998

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.

Keywords: Investment, Africa

JEL Classification: E22, O55

Suggested Citation

Vamvakidis, Athanasios, Explaining Investment in the WAEMU (July 1998). Available at SSRN: https://ssrn.com/abstract=882618 or http://dx.doi.org/10.2139/ssrn.882618

Athanasios Vamvakidis (Contact Author)

International Monetary Fund (IMF) - European Department ( email )

700 19th Street NW
Washington, DC 20431
United States

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