Munich Personal RePEc Archive

Public investment and growth in case of Madagascar

Andrianady, Josué R. and Camara, Alyda E. and Randrianantenaina, Kantotiana S. (2023): Public investment and growth in case of Madagascar.

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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.

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