PUBLIC INVESTMENT AND PUBLIC DEBT IN THE CONGO: AN APPLICATION OF THE KEYNESIAN REPRESENTATION OF INVESTMENT DETERMINATION
Abstract
This research aims to show how public investment has increased Congo's public debt. We proceeded to estimate the ARDL model with error correction on variables covering 24 recent years. Econometric modeling, using the Keynesian framework for determining investment, shows that a shock to own-source public investment observed in a year is only fully absorbed after one year and nine months.
Keywords
Document Preview
Details