首页> 外文期刊>Margin: The Journal of Applied Economic Research >The Effects of Capital Flows on Economic Growth in Senegal
【24h】

The Effects of Capital Flows on Economic Growth in Senegal

机译:资本流动对塞内加尔经济增长的影响

获取原文
获取原文并翻译 | 示例
           

摘要

This article examines the effects of capital flows on economic growth in Senegal using autoregressive distributed lag (ARDL) over the period 1970-2014. Overall, our results show that remittances cause economic growth in Senegal in the long run. In contrast, external debt has a negative impact on economic growth. The ARDL results, however, show no cointegration between aid and growth or between foreign direct investment (FDI) and growth. The Quandt-Andrews breakpoint test selects year 1991 as the most likely breakpoint location for the remittances-growth equation. Finally, time-varying parameter analyses using the year 1991 as a slope dummy reveal that remittances have been growth-enhancing post-1991. Therefore, government and policy makers in Senegal must create a favourable atmosphere for attracting more remittances to promote economic development.
机译:本文使用自回归分布滞后(ARDL)研究了1970-2014年期间资本流动对塞内加尔经济增长的影响。总体而言,我们的结果表明,从长期来看,汇款会导致塞内加尔的经济增长。相反,外债对经济增长产生负面影响。然而,ARDL的结果表明,援助与增长之间或外国直接投资(FDI)与增长之间没有协整关系。 Quandt-Andrews断点测试选择1991年作为汇款-增长方程的最可能断点位置。最后,时变参数分析以1991年为斜率假人表明,汇款在1991年后一直在增长。因此,塞内加尔的政府和政策制定者必须营造有利的气氛,吸引更多的汇款以促进经济发展。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱:kefu@zhangqiaokeyan.com

京公网安备:11010802029741号 ICP备案号:京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有
  • 客服微信

  • 服务号