Ryu, Duchwan D.
M.S. (Master of Science)
Department of Statistics and Actuarial Science
This thesis evaluates the impact of credit offered by the banking system on the investment rate of seven West African countries that are members of the West African Economic and Monetary Union (WAEMU) countries using data from the World Bank dataset from 1996-2012. Using a fixed effect model and random intercept model, I find that the credit offered by the banking system to private investors has a positive and statistically significant effect on the investment rate. In contrast, no significant effect was found for the credit offered by the banking system to the government. Further, I find a negative relationship between the credit offered to the private sector and the credit offered to governmental institutions; however, this relationship is not statistically significant.
Sanou, Sylvie, "The Impact of Credit on Domestic investment: Case of West African Economic and Monetary Union Countries" (2023). Graduate Research Theses & Dissertations. 7183.
Northern Illinois University
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