المستخلص: |
Many studies and empirical literature on investment have shown some important variables affecting domestic investment. This study aimed to identify determinants of domestic investment in the private manufacturing sector in the Libyan cconomy during the period (1962-2008). Properties oT time series of the model variables have been analyzed by using several tests for determining the integration level of each time series separately. By using the Johanscn-Jusclius cointcgration method, the results showed that investment is adversely and strongly affected in the longer term by changes that take place in domestic public investment in the manufacturing scctor, which shows the competition factor between private and public sectors. The results of these tests revealed an equilibrium relationship between domestic investment in the private manufacturing sector and its determinants in the Jong and short-run. JEL codes: [E22, L60]
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