Effects of Oil Price, External Debt and Population on the Government Investment in Syria
Journal Title: Academic Journal of Economic Studies - Year 2015, Vol 1, Issue 1
Abstract
This study attempts to investigate the effect of oil price, external debt and population on the government investment in Syria over the period 1970-2010. The Johansen cointegration test showed that oil price, external debt and population have a positive and significant long run relationship with government investment. The Granger causality test indicates bidirectional long-run causality relationships between oil price, external debt, population, and government investment. There are also unidirectional short-run causality relationships running from oil price and population to government investment, and bidirectional short-run causality relationship between external debt and government investment. The study result indicates that, external debt have the biggest effect on the government investment, as well as oil price and population can play an important role in supporting the government investment in the country.
Authors and Affiliations
Adel Shakeeb Mohsen
Keywords
Related Articles
- EP ID EP177732
- DOI -
- Views 125
- Downloads 0
Structural Changes of the Current Economic Behaviour
As a consequence of the economic and financial crisis started in mid-2007, which created conditions for the resurgence in the state economy on the positions of direct players, reveals not only the increased role of the s...
Entrepreneurial Competencies: SMEs Performance Factor in the Challenging Nigerian Economy
Myriad of challenges engulfed the Nigerian business milieu. Business activities become more complex and competitive which renders the environment not only difficult for business success but resulting to the increasing fa...
Measuring the Organizational Performance: A Theoretical Overview
The challenges of the new economic environment have led to the development of modern global customer-oriented entities and have reduced costs, increased innovation, gaining competitive advantage beyond space and temporal...
Do We Have or Need a Two Speed Europe?
Flexible/differentiated integration represented by two speed Europe, Europe of concentric circles and other related concepts have been used after Maastricht due to the fact that not all Member States entered monetary uni...
Barriers to Green ICT Adoption in Romania
The efficient use and disposal of digital technologies are key factors in economic and social development. The concerns regarding the development and use of information and communication technologies (ICT), without negat...