Книга: Menelik Geremew «Impact of Financial Market Liberalization on the Ethiopian Economy»
|
Производитель: "LAP Lambert Academic Publishing" This study analyzes the practical implications of financial market liberalization on Saving, Investment, Inflation and Economic Growth in Ethiopia, using time series data covering the period 1974 2004. The Johansen Maximum Likelihood Estimation Procedure is used to see the short and long run dynamics of macroeconomic variables and their response to a major policy shift from a closed command economy to a semi-open market economy. The Mckinnon-Shaw hypotheses is tested and used as a bench mark to compare the effect of removal of repressive policies and development of financial markets against the pre-reform pervasive government intervention policies in accelerating economic growth, increasing domestic saving and investment. The shifts in policy regimes are captured by period dummies in the regressions. The results indicate that saving is positively and significantly affected by the real deposit rate of interest and income growth. Domestic investment has a positive long-run... ISBN:9783659360084 Издательство: "LAP Lambert Academic Publishing" (2013)
ISBN: 9783659360084 |
См. также в других словарях:
Economy of Africa — The economy of Africa consists of the trade, industry, and resources of the peoples of Africa. As of July 2005, approximately 887 million people were living in 54 different states. Africa is the world s poorest inhabited continent. Though parts… … Wikipedia
Ethiopia — /ee thee oh pee euh/, n. 1. Formerly, Abyssinia. a republic in E Africa: formerly a monarchy. 58,732,577; 409,266 sq. mi. (1,060,000 sq. km). Present boundaries include Eritrea. Cap.: Addis Ababa. 2. Also called Abyssinia. an ancient region in NE … Universalium
Cold War — For other uses, see Cold War (disambiguation). United States President … Wikipedia
ECONOMIC AFFAIRS — THE PRE MANDATE (LATE OTTOMAN) PERIOD Geography and Borders In September 1923 a new political entity was formally recognized by the international community. Palestine, or Ereẓ Israel as Jews have continued to refer to it for 2,000 years,… … Encyclopedia of Judaism
2007–2008 world food price crisis — The years 2007–2008 saw dramatic rises in world food prices, creating a global crisis and causing political and economical instability and social unrest in both poor and developed nations. Systemic causes for the world wide increases in food… … Wikipedia
education — /ej oo kay sheuhn/, n. 1. the act or process of imparting or acquiring general knowledge, developing the powers of reasoning and judgment, and generally of preparing oneself or others intellectually for mature life. 2. the act or process of… … Universalium
