Effect of Public Investment on Private Investment: Evidence from Ethiopia

This study examined the effect of public investment on private and their relative effects Ethiopia economic growth. The employed ARDL bounds testing approach. empirical results revealed that has a crowding-in in long run which means, stimulates run. However, crowding out investment. In other word, no direct impact growth significant positive while it is negatively related to short suggests positively contributes more than addition, associated with although statistically insignificant implies prudent for policy makers not cut back efficient component increase infrastructural level promotes thereby indirectly fostering