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Investissement Public et Croissance économique pour le cas de Madagascar

Author

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  • Andrianady, Josué R.
  • Camara, Alyda E.
  • Randrianantenaina, Kantotiana S.

Abstract

This paper explores the role of public investment in the process of economic growth, in the context of Madagascar’s economy, using the vector autoregressive approach (VAR). The model also includes monetary supply and exportation. The result show that public investment has positive effect on growth in short term especially in the second quarter but the effect slowly goes down in the next quarter. This is due to the impact of investment on monetary supply which can lead to potential rise of prices. The effect of investment on growth reaches his highest in the fifth quarter after that its return to his stationary state.

Suggested Citation

  • Andrianady, Josué R. & Camara, Alyda E. & Randrianantenaina, Kantotiana S., 2023. "Investissement Public et Croissance économique pour le cas de Madagascar," MPRA Paper 117069, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:117069
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    References listed on IDEAS

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    1. Robert M. Solow, 1956. "A Contribution to the Theory of Economic Growth," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 70(1), pages 65-94.
    2. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    3. Robert J. Barro & Xavier Sala-I-Martin, 1992. "Public Finance in Models of Economic Growth," The Review of Economic Studies, Review of Economic Studies Ltd, vol. 59(4), pages 645-661.
    4. Canning, David & Bennathan, Esra, 2000. "The social rate of return on infrastructure investments," Policy Research Working Paper Series 2390, The World Bank.
    5. Bruce Morley & Nicholas Perdikis, 2000. "Trade liberalisation, government expenditure and economic growth in Egypt," Journal of Development Studies, Taylor & Francis Journals, vol. 36(4), pages 38-54.
    Full references (including those not matched with items on IDEAS)

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    More about this item

    Keywords

    Madagascar; VAR; Public investment; money; exportation; GDP;
    All these keywords.

    JEL classification:

    • A1 - General Economics and Teaching - - General Economics
    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • H54 - Public Economics - - National Government Expenditures and Related Policies - - - Infrastructures
    • R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning

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