Behavior and Determinants of Private Investment in Uganda
|Author(s)||by Munyambonera Ezra Francis, Faizal Buyinza|
|Keywords||Private Investment determinants, Economic policy, Uganda|
|Open Access||Access PDF Open in New Tab|
This study examines the factors that influence private investment behaviour in Uganda for the period 1980-2012. We estimate the private investment behavior model. First, the time series properties of the variables is examined using the Augmented Dickey-Fuller and Philips-Perron unit root tests and then the co-integration tests among the study variables is undertaken using the Johansen (1988) procedure. The specified private investment function is estimated. The results reveal a positive influence of GDP, foreign aid inflows and public expenditure on the behaviour of private sector investments activities in the long-run. In addition, public debt servicing, exchange rate volatility and inflationary uncertainty negatively influence private sector investments in the long-run. Furthermore, the estimated adjustment coefficient has a positive and significant effect on private investments thus indicating the divergence between the actual and desired levels of private sector investment activities within a particular period. Based on the findings of this study, we suggest that government should improve on economic performance by promoting the agriculture and industrial productivity, increase foreign resource mobilization, and reduce the bank interest lending rates to make loans affordable to potential investors. Also government should ensure macroeconomic stability by minimizing volatility and inflation uncertainty by minimizing money supply and government expenditures. Furthermore, government needs to reduce on the unproductive foreign borrowings by committing borrowed funds to set up productive ventures or build complimentary infrastructures to support private sector investment activities.
ARTICLE PROCESSING CHARGE
Online Publication & Two Hard Copies
|International Journal of Empirical Finance||$ 100||$ 170|
|International Journal of Financial Economics||$ 80||$ 150|
|International Journal of Management Sciences||$ 100||$ 170|
|Journal of Empirical Economics||$ 80||$ 150|
|Journal of Education and Literature||$ 60||$ 130|
|Quarterly Journal of Business Studies||$ 50||$ 120|
|Journal of Language and Communication||$ 30||$ 100|
|Studies in Social Sciences and Humanities||$ 80||$ 150|
|Journal of Social Economics||$ 30||$ 100|
|International Journal of Financial Markets||$ 30||$ 100|
|Journal of Public Policy & Governance||$ 30||$ 100|
For a peer-reviewed journal, the publication of articles plays an essential role in the development of a coherent network of knowledge. It is, therefore, essential that all publishers, editors, authors, and reviewers, in the process of publishing the journals, conduct themselves in accordance with the highest level of professional ethics and standards. The publisher is dedicated to supporting the vast efforts of the editors, the academic contributions of authors, and the respected volunteer work undertaken by reviewers. The publisher is also responsible for ensuring that the publication system works smoothly, and that ethical guidelines are applied to assist the editor, author, and reviewer in performing their ethical duties.
The editor has the following responsibilities:
1.The editor should acknowledge receipt of submitted manuscripts within two working days of receipt and ensure an efficient, fair, and timely review process.
2.The editor should ensure that submitted manuscripts are processed in a confidential manner, and that no content of the manuscripts will be disclosed to anyone other than the corresponding author, reviewers, and the publisher, as appropriate.
3.The editor should recuse himself or herself from processing manuscripts if he or she has any conflict of interest with any of the authors or institutions related to the manuscripts.
4.The editor should not disclose the names and other details of the reviewers to a third party without the permission of the reviewers.
5.The editor has the right to make the final decision on whether to accept or reject a manuscript with reference to the significance, originality, and clarity of the manuscript and its relevance to the journal.
6.The editor should by no means make any effort to oblige the authors to cite his or her journal either as an implied or explicit condition of accepting their manuscripts for publication.
7.The editor should not use for his or her own research any part of any data or work reported in submitted and as yet unpublished articles.
8.The editor should respond promptly and take reasonable measures when an ethical complaint occurs concerning a submitted manuscript or a published paper, and the editor should immediately contact and consult with the author. In this case, a written formal retraction or correction may also be required.