The relationship between public and private sector investments in Syria

• Autores: Shakeeb Mohsen Ade, Soo Yean Chua, Che Sab Che Normee
• Localización: Aestimatio: The IEB International Journal of Finance, ISSN 2173-0164, Nº. 14, 2017, págs. 76-89
• Idioma: inglés
• Títulos paralelos:
  • Las relaciones entre la inversión pública y privada en Siria
• Enlaces
  • Texto completo (pdf)
• Resumen
  • español

    Este trabajo investiga las relaciones entre la inversión pública y privada en Siria durante el periodo 1980-2010. Para ello se utiliza la metodología de cointegración de Johansen y el test de causalidad en el sentido de Granger. El test de cointegración muestra que la inversión pública tiene un efecto positivo sobre la inversión privada, mientras que esta última afecta negativamente a la primera. El test de causalidad de Granger indica la existencia de una relación de causalidad unidireccional a corto plazo desde la inversión pública a la privada, y bidireccional a largo plazo entre ambos tipos de inversión.

  • English

    This study investigates the relationship between public and private sector investments in Syria over the period 1980-2010. It utilizes the Johansen cointegration approach and Granger causality test. The cointegration test shows that public sector investment has a positive effect on private sector investment, while private sector investment affects public sector investment negatively. The Granger causality test indicates that there is a unidirectional short-run causality relationship running from public sector investment to private sector investment, and a bidirectional long-run causality relationship between public and private sector investment in the country

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