Paper Title

PUBLIC INVESTMENT AND PUBLIC DEBT IN THE CONGO: AN APPLICATION OF THE KEYNESIAN REPRESENTATION OF INVESTMENT DETERMINATION

Authors

Léon MAYEKO

Jean Claude

Keywords

long-term growth
public debt
efficiency of public investment
financial risks
cost-benefit method

Article Type

Research Article

Journal

International Journal of Applied Economics

Issue

Volume : 1 | Issue : 1 | Page No : 20-38

Published On

December, 2024

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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.