Theoretical and Applied Economics
No. 1 / 2016 (606), Spring
Effects of oil returns and external debt on the government investment: A case study of Syria
University Sains Malaysia, Penang, Malaysia
Abstract. This study attempts to investigate the effect of oil returns and external debt on the government investment in Syria over the period 1970-2010. The Johansen cointegration test showed that oil returns and external debt have a positive and significant long run relationship with the government investment. The Granger causality test indicated bidirectional causality relationships between oil returns, external debt and government investment in the short and long run. The IRFs showed that when there is a shock to oil returns or external debt, the government investment will respond positively in the following years. The study result indicates that oil returns have the biggest effect on the government investment, and both oil returns and external debt play a vital role in supporting the Syrian economy by financing the government investment.
Contents
Female entrepreneurial activity in Romania
Analysis of the causal link between wages and prices in UK
Assessing the regional development degree – step one: Calibrating the polar diagram
The relationship between output and asset prices: A time – and frequency – varying approach
Territorial patterns of development in the European Union
Nexus between defense expenditure and economic growth in BRIC economies: An empirical investigation
Efficiency, non-linearity and chaos: evidences from BRICS foreign exchange markets
A theoretical examination of tax evasion among the self-employed
Long-term effects of the investments dynamics in Romania in the post-accession period – a regional approach
A utility based theoretical model for the income-life expectancy curve
Essentials aspects on macroeconomic variables and their correlations
Determinants of the Hungarian forint/ US dollar exchange rate
Macroeconomic strategies for the prevention of economic and financial crisis
Does tourism affect economic growth in Indian states? Evidence from panel ARDL model
Sovereign debt crisis. From challenges to solutions
International trade and tourism for Mediterranean countries: A panel causality analysis
Economic freedom index and stock returns in Malaysia
How budget deficit and current account deficit are interrelated in Indian economy
Study regarding the influence of the endogenous and exogenous factors on credit institution’s return on assets
Effects of oil returns and external debt on the government investment: A case study of Syria