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2017 | 2 | nr 1 | 55--74
Tytuł artykułu

Agrégats macroéconomiques et fluctuations de l'investissement : l'exemple des pays de l'UEMOA

Treść / Zawartość
Warianty tytułu
Macroeconomic Aggregates and Investment Fluctuations: the Example of WAEMU Countries
Języki publikacji
FR
Abstrakty
Cet article propose une évaluation de l'impact de l'évolution des agrégats macroéconomiques sur l'investissement des pays de l'UEMOA. L'étude s'appuie sur une modélisation structurelle à composantes inobservables susceptible de faire ressortir les liens entre l'investissement et les variables macroéconomiques. Les résultats suggèrent la récurrence des chocs négatifs sur l'investissement. Les agrégats macroéconomiques (PIB, Infl ation, Epargne), exercent ainsi un comportement pro-cyclique sur l'investissement. Par contre, le solde budgétaire est contra-cyclique suivant les phases du cycle de l'investissement. L'investissement productif devrait être une priorité des politiques budgétaires nationales dans les pays membres de l'union pour un développement économique soutenable.(abstrakt oryginalny)
EN
Th is article provides an assessment of the impact of changes in macroeconomic aggregates on the investment of the WAEMU countries. Th e study is based on structural modeling of unobserved components likely to highlight the links between investment and macroeconomic variables. The results suggest the recurrence of negative impacts on investment. Macroeconomic aggregates (GDP, inflation, savings) exert a pro-cyclical behavior on the investment. On the other hand, fiscal balance is countercyclical following the different phases of investment cycle. Business investment should be a priority of national fiscal policies in the member countries of the Union for sustainable economic development.(original abstract)
Twórcy
  • Université Gaston Berger, Senegal
Bibliografia
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Typ dokumentu
Bibliografia
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Identyfikator YADDA
bwmeta1.element.ekon-element-000171597307

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