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 127
- Downloads 0
On the Reaction of Stock Market to Monetary Policy Innovations: New Evidence from Nigeria
The paper analysed the asymmetric effect of monetary policy to stock market in Nigeria. The study is conducted by using an EGARCH(X) model. The exogenous variable is a dummy variable which account for the monetary policy...
Revisiting Exchange Rate Pass-Through to Consumer Price Inflation in Nigeria: A Cointegrated Vector Autoregressive Approach
This study revisits the extent of Exchange Rate Pass-Through (ERPT) in Nigeria based on a Cointegrated Autoregressive Model proposed by Johansen (1988, 1995). Using the annual data from 1960 to 2015, it is found that exc...
Economic Performance of NUTS 3 Regions in the Slovak Republic
Evaluation and self-evaluation of public administration in the conditions of the Slovak Republic has been currently applied only in limited extent. Selected aspects of public administration operation are evaluated throug...
Service Sector: The Source of Output and Employment Growth in Ethiopia
According to official data, the Ethiopian economy has grown at 10.9% on average in 2004/05-2014/15. During this period a structural change is observed as agriculture declined in its share and service sector dominates the...
Tax Competition in Switzerland
The main aim of this article is to provide detailed information on tax competition in Switzerland. Generally, tax competition exists when taxpayers can reduce their tax burden by relocating their capital and/or labour fr...