Theoretical and Applied Economics
No. 2 / 2013 (579)
ARDL investment model of Tunisia
Technical University of Košice, Faculty of Economics, Slovakia
Veronika ŠULIKOVÁ
Technical University of Košice, Faculty of Economics, Slovakia
Vladimír GAZDA
Technical University of Košice, Faculty of Economics, Slovakia
Denis HORVÁTH
Technical University of Košice, Faculty of Economics, Slovakia
Abstract. The paper investigates the determinants of investments in Tunisia using annual data over the period of 1961-2011. The importance of this study comes from the necessity to determine important factors influencing domestic investments in Tunisia. An Autoregressive Distributed Lag (ARDL) modeling is employed to investigate the impact of the gross domestic product, monetary base and trade openness on domestic investments. Our results reveal that there is an equilibrium relationship between investments and monetary base, the influence of the others is insignificant or rather ambiguous.
Contents
Has accession to the EU affected business cycles?
The effect of the Romanian pension market concentration on the magnitude of pension revenues
Interest rate channel in Romania: assessing the effectiveness transmission of monetary policy impulses to inflation and economic growth
Romania's road to Euro zone. From structural balance to structural balance corrected for absorption
ARDL investment model of Tunisia
A review of the economic crisis: solutions and failures in the European Union
Macroprudential policy and financial stability
Public policies targeting labour market rigidities
National policy measures. Right approach to foreign direct investment flows
Influence of the prudential supervision over the capitalization of the Romanian insurance market
Social inequalities and poverty in current Romania
Conceptual aspects regarding balneotherapy tourism marketing in Romania
East-European stock exchanges in the context of financial crisis