Theoretical and Applied Economics
No. 2 / 2013 (579)
ARDL investment model of Tunisia
Abdulbaset M. HAMUDA
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
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.
Keywords: cointegration; domestic investments; ARDL; bounds test; Tunisia.
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Contents
Marin Dinu
- Has accession to the EU
affected business cycles?
Panagiotis EVANGELOPOULOS
Dimitrios DAPONTAS
- The effect of the Romanian pension market
concentration on the magnitude of pension revenues
Vasile ROBU
Irina Daniela CIŞMAŞU
Maria Iuliana SANDU
- Interest rate channel in Romania: assessing
the effectiveness transmission of monetary policy
impulses to inflation and economic growth
Vasile COCRIŞ
Anca Elena NUCU
- Romania's road to Euro zone.
From structural balance to structural balance
corrected for absorption
Aura-Gabriela SOCOL
- ARDL investment model of Tunisia
Abdulbaset M. HAMUDA
Veronika ŠULIKOVÁ
Vladimír GAZDA
Denis HORVÁTH
- A review of the economic crisis:
solutions and failures in the European Union
Marius-Cristian PANĂ
- Macroprudential policy and financial stability
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Andreea Claudia ŞERBAN
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Right approach to foreign direct investment flows
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Radu Marcel JOIA
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Codruța-Adina BĂLTESCU
Andreea BOTOȘ
Ion PÂRGARU
- East-European stock exchanges
in the context of financial crisis
Cătălina Claudia SAVA
