Publication Date

2022

Document Type

Dissertation/Thesis

First Advisor

Polansky, Alan M.

Degree Name

M.S. (Master of Science)

Legacy Department

Department of Statistics and Actuarial Science

Abstract

This paper aims to study the impact of public and private investments on the economic growth of developing countries. The study uses panel data from 39 developing countries covering the periods 1990-2019. The study is based on the neoclassical growth models or exogenous growth models in which land, labor, capital accumulation, etc., and technology proved substantial for economic growth. The paper uses the impact on overall GDP growth and GDP per capita growth. The study used a mixed-effect regression model and a Bayesian logistic regression model to derive the findings. For private investments, domestic credit has a positive association, but foreign direct investment is negatively correlated with economic growth. Public investment has a strong and more positive impact on economic growth than private investment. Public capital formation, labor growth, and government consumption expenditure were significant in explaining the economic growth. Overall, both public and private investments are substantial for developing countries' economic growth and development.

Extent

53 pages

Language

eng

Publisher

Northern Illinois University

Rights Statement

In Copyright

Rights Statement 2

NIU theses are protected by copyright. They may be viewed from Huskie Commons for any purpose, but reproduction or distribution in any format is prohibited without the written permission of the authors.

Media Type

Text

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