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dc.contributor.advisor Ncanywa, T. Letsoalo, Lourence. 2022-06-10T06:24:33Z 2022-06-10T06:24:33Z 2021
dc.description Thesis (M. Com. (Economics)) -- University of Limpopo, 2021 en_US
dc.description.abstract Investment as one of the main macroeconomic variables can ensure development of infrastructure and economic growth through increasing productivity and attracting investors. This study examined key determinants of investment activities by means of a comparative analysis between the SADC and BRICS groups during the period 2004- 2019. The key variables were the real exchange rate, real interest rate and trade openness. The analysis began by reporting unit roots tests, which paved way for employing Panel Autoregressive Distributive Lag (PARDL) methodology in the existence of different orders of integration. To estimate the long run relationship between the variables, we made use of the panel Johansen cointegration test, Pedroni test, Kao test and the Johansen Fisher cointegration test. Through the PARDL, the exchange rate and trade openness were found to be positive and statistically significant determinants of investment in SADC although statistically insignificant in the BRICS group. In addition, interest rates yielded insignificant results in the SADC region while, on the contrary, yielded a negative and statistically significant relationship in the BRICS group. The Granger causality test indicated a bi-directional causality in the exchange rate-investment and trade openness investment nexus for the SADC group while there was no causality in the BRICS group. It can be concluded that trade openness and exchange rate are key determinants of investment in the SADC region while interest rates are key in the BRICS group. It is therefore recommended that in order to attract investors and boost investment activities the SADC group need to focus more on exchange rate stability and trade openness while the BRICS group need to pay more attention to the flexibility of interest rates. This is beneficial on trading patterns, more for South Africa as it can be found in both groups. en_US
dc.format.extent xiii, 142 leaves en_US
dc.language.iso en en_US
dc.relation.requires PDF en_US
dc.subject Investments en_US
dc.subject Real exchange rate en_US
dc.subject Real exchange rate en_US
dc.subject Trade openness en_US
dc.subject SADC en_US
dc.subject BRICS en_US
dc.subject Panel-ARDLe en_US
dc.subject Trade openness en_US
dc.subject Panel-ARDL en_US
dc.subject.lcsh International economic relations en_US
dc.subject.lcsh BRICS countries en_US
dc.subject.lcsh Investments -- Developing countries en_US
dc.subject.lcsh Economic development -- BRICS countries en_US
dc.subject.lcsh Exchange rate pass-through en_US
dc.title Determinants of investment activities : a comparative analysis of the BRICS and some selected SADC countries en_US
dc.type Thesis en_US

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