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| Author | : Gediyon Bekele Moliso |
| Publisher | : |
| Total Pages | : 0 |
| Release | : 2021 |
| Genre | : |
| ISBN | : 9783346473905 |
| Author | : Frew Hailu |
| Publisher | : Anchor Academic Publishing (aap_verlag) |
| Total Pages | : 113 |
| Release | : 2015 |
| Genre | : Business & Economics |
| ISBN | : 3954893541 |
| Author | : Gediyon Bekele Moliso |
| Publisher | : GRIN Verlag |
| Total Pages | : 30 |
| Release | : 2022-09-12 |
| Genre | : Business & Economics |
| ISBN | : 3346721086 |
Academic Paper from the year 2022 in the subject Economics - Monetary theory and policy, , language: English, abstract: The goal of this research is to close lack of sufficient, contemporary and comprehensive studies on the topic under study and gain a better understanding of the relationship between monetary policy and Ethiopian inflation. The paper is organized as follows. After this introduction, the following section reviews the relevant literature, both theoretical and empirical. After this review, the methodological framework is presented. A series of test are show to assess the sensibility of the model. The discussion of the results is presented. Finally, some concluding remarks are shown. The monetary policy pursued by a country's Central Bank has a significant impact on the country's economic and financial status. It is commonly acknowledged that maintaining price stability through monetary policy can contribute to long-term growth. When the rate of inflation is low enough, consumers and companies do not have to consider it when making daily decisions, according to Christiano and Fitzgerald. The method, through which a country's monetary authority manages the supply of money, frequently by targeting an interest rate in order to promote economic growth and stability, is known as monetary policy. It is essentially a set of actions performed by monetary authorities, usually the central bank, to control and regulate the supply of money to the public as well as the flow of credit in order to achieve preset macroeconomic objectives. Its stated objective is to maintain relatively steady pricing and low unemployment. All methods of monetary policy, in reality, require changing the amount of base currency in circulation. Open market operations are the open sales and purchases of (government-issued) debt and credit instruments that change the liquidity of the base currency. The monetary authority's constant market operations influence the supply of currency, which has an impact on other market variables including short-term interest rates and the exchange rate.
| Author | : Demilie Basha Hailu |
| Publisher | : LAP Lambert Academic Publishing |
| Total Pages | : 108 |
| Release | : 2015-05-26 |
| Genre | : |
| ISBN | : 9783659708022 |
About the book: This book deals basically with the statistical impact of monetary policy on the private sector investment in Ethiopia. in doing so, it shows the long run and short association of interest variables using the auto-regressive distributed lag(ARDL) coinetgration approach. thus, every one can get it as interested material to use the new approach of ARDL and also being a bench mark for further studies. lastly, i wonder the effort of the LAP publishing center in encouraging authors and hence it is may advice that if all you use this particular center of publication, you will enjoy freely
| Author | : Tibebu Aragie |
| Publisher | : GRIN Verlag |
| Total Pages | : 38 |
| Release | : 2015-01-19 |
| Genre | : Political Science |
| ISBN | : 3656879184 |
Master's Thesis from the year 2014 in the subject Business economics - Economic Policy, grade: very good, , course: Msc in Economic Policy Analysis, language: English, abstract: The study was conducted to know the interrelationship between foreign direct investment and domestic private investment. The researcher employs a vector auto-regressive model with appropriate investigation of impulse response and variance decomposition. In addition, the researcher computes descriptive analysis. The study used time series data ranging from, 1970-2012 for econometric analysis and 1992-2012 for descriptive analysis. The result shows that foreign direct investment crowds-out domestic private investment. In addition, foreign direct investment does not have significant effect on economic growth. Secondly, Domestic private investment complements growth trajectory. However, expansion of domestic private investment does not welcome foreign direct investment.
| Author | : Frew Hailu |
| Publisher | : GRIN Verlag |
| Total Pages | : 112 |
| Release | : 2014-10-13 |
| Genre | : Business & Economics |
| ISBN | : 3656766711 |
Master's Thesis from the year 2014 in the subject Economics - Finance, grade: 1 (A), Wollega University (wollega University), course: Development Economics, language: English, abstract: This study attempts to investigate the effect of government expenditure on private investment in Ethiopia over the period 1980-2012. The central question of this study is weather government expenditure has a positive or crowding in effect (complementary hypothesis) or a negative or crowding out effect (the substitutability hypothesis )on private investment in Ethiopia. To achieve its objective it adopted a modified flexible accelerator model to enlighten on the economic relationship between private investment and the other variables and used the modern technique of vector auto regressive model (VAR) and vector error correction model(VECM)as its methodology. The study also used the Johansen-Juselius (1990) cointegration analysis of a multivariate system of equation to estimate the long run relationship between government expenditure and private investment to determine the order of integration of the variable and Granger-Causality test was undertaken to determine causal relationship between the variables. In addition to this the study employs the Augmented Dicky-Fuller (ADF) unit root test and phillip perron test. The statistical tests reveal that all-time series data are non-stationary in their level and they become stationary after diffrencing.i.e.they are integrated of order one I(1).The johansen-juselius cointegration test shows that the series are cointegrated and then employs the vector error correction model moreover the study applies the impulse response function (IRF)and forecast error variance decomposition (FEVD) to investigate the effect of government investment shocks on private investment. And the empirical findings support the complementary hypothesis between government capital expenditure and private investment and that tends to crowd-in private investment in Ethiopia. And the empirical finding of recurrent part of government expenditure shows a mixed effect of complementary hypothesis and substitutability hypothesis which tends to crowd-in and crowd out effect .Thus government expenditure have a positive as well as negative effect on private investment and finally the study is used CHOW test in order to know whether structural break has an effect on private investment or not and the result depict that there is a structural break that have a positive effect on private investment of Ethiopia. Keyword: Government expenditure, private investment, VAR, crowding-In, crowding out, Ethiopia
| Author | : Gediyon Bekele Moliso |
| Publisher | : |
| Total Pages | : 60 |
| Release | : 2021-07-15 |
| Genre | : |
| ISBN | : 9783346473912 |
| Author | : Gediyon Bekele Moliso |
| Publisher | : |
| Total Pages | : 40 |
| Release | : 2021-10-08 |
| Genre | : |
| ISBN | : 9783346521538 |
Academic Paper from the year 2021 in the subject Economics - Monetary theory and policy, grade: A, language: English, abstract: This study examined the effect of monetary policies on Total Trade (proxy of international trade) in Ethiopia between 1989 to 2019.International trade was captured using Total Trade (proxy of international trade) while the independent variables that described the various macroeconomic policies in Ethiopia were money supply, exchange rate, real lending rate and inflation rate. Time series data on the variables of the study was gotten from Annual reports of the National Bank of Ethiopia (NBE) from 1989-2019. The secondary data was analyzed using E-views 9.0 software. A model was formulated for the study. The Augmented Dickey Fuller (ADF) stationary test showed that the variables in the study were stable at both levels and at first difference. The regression of the independent variables with Total Trade (proxy of international trade) showed the existence of a long run relationship. Using the Autoregressive Distribute Model (ARDL), the empirical results money supply exerts a significant positive effect on Total Trade (proxy of international trade) in the long run while real lending rate and inflation rate exerts a significant negative effect on Total Trade (proxy of international trade) in the long run and Total Trade (proxy of international trade) one period lag of the variable significantly affects the Total Trade (proxy of international trade) in the short run. LagTT or D(LTT(-1)), a one percent increase in expectation push Total Trade (proxy of international trade) by 51% in short run. This result is similar to the theory of adaptive expectations, they states that individuals will form future expectations based on past events. The study thus concluded that the monetary policy channels through which Total Trade (proxy of international trade) in Ethiopia can be influenced are money supply, lending rate and inflation rate. The study testes
| Author | : Fitsum Daniel |
| Publisher | : GRIN Verlag |
| Total Pages | : 8 |
| Release | : 2018-11-22 |
| Genre | : Business & Economics |
| ISBN | : 3668841160 |
Seminar paper from the year 2008 in the subject Economics - Case Scenarios, grade: B, , course: Macroeconomic Policy, language: English, abstract: The irreversible nature of long-term private investment expenditures has been emphasized in recent literatures on investment behavior. The irreversible nature of investment suggests that installed capital can seldom be put to productive use in a different sector or economic activities, at least not without incurring a substantial cost. In this context, private investors, foreign and local, will be reluctant to commit large expenditures on fixed investments when they are uncertain about the future political, social, and economic environment. Changes in uncertainty are usually associated with unpredictability. Thus, macroeconomic instability - a phenomenon making the domestic macroeconomic environment less predictable - is expected to hamper resource allocation including capital. As it is well known, investment especially for developing countries like Ethiopia is a motor for growth. Especially private investment (both domestic as well as foreign) should hold the lion share of the total investment of such countries as the capacity of governments in these countries to undertake investment in areas other than infrastructure is very limited. Of the number of determinants of private investment in developing countries, macroeconomic and political stability is believed to be the major one as such countries rate worse in this regard unlike developed countries. In this regard, a sort of preliminary assessment of the rough relationship between private investment and some key macroeconomic and political stability variables which are relevant in the context of Ethiopia, of course taking into account availability of secondary data, is sought in this term paper work. The hypothesis formulated to be tasted is that high macroeconomic and political instability has significant negative effect on private investment in Ethiopia. As data in regard with private investment is expected to be very limited (i.e., not more than 17 years data), descriptive analysis (with the help of graphs) is going to be used to reach to some conclusions from the available data.
| Author | : Omer Mohammed |
| Publisher | : |
| Total Pages | : 178 |
| Release | : 2017-10-24 |
| Genre | : |
| ISBN | : 9783668546790 |
Master's Thesis from the year 2016 in the subject Economics - Finance, grade: 2, Addis Ababa University (College of Bussiness and Economics), course: Accounting and Finance, language: English, abstract: This study aims to empirically examine the impact of financial liberalization on economic development in Ethiopia over the period of 1984-2014. In doing so, the ARDL approach to Co-integration and Error Correction Model were employed to investigate the long run and short run relationships. Accordingly, the empirical results obtained from the study indicate that financial widening has contributed significantly to the increase in saving and the level of economic growth. Even though, the total deposit happens to generate more investment; there is shortage of supply of credit. In addition, the study indicates financial widening and credit to the private sector exhibited a significant positive association with financial development while total banks credit bearing a significant impact on industrial development. However, the overall financial reform showed insignificant association both with economic growth and industrial development. The efficiency in allocating financial resources show significant positive association with share of banks credit to the private sector, however, the overall financial reform has positive insignificant impact on efficiency of resource allocation. The contribution of financial sector after the deregulation has a mixed result on welfare. In terms of catalyzing employment opportunity, financial widening and the overall liberalization policy measure have played a positive role while the financial development has no significant impact on employment creation. Financial widening has significant positive impact on poverty alleviation while the overall policy measure has insignificant impact on the impoverished. Consequently, the result of the study indicate the overall financial liberalization measure actually decrease the likelihood of financial
