Public investments, agricultural development and economic growth in Côte d'Ivoire: An analysis of causal links according to the econometric approach

Abstract

This study aims to assess the contribution of public investment to agricultural development and economic growth in Ivory Coast. To achieve this, the econometric time series tool based on the ARDL model was used. The estimation results show a positive relationship between national investment (GFCF), agricultural production and GDP in the short and long term. On the other hand, Official Development Assistance (ODA) has a negative influence on agricultural production and economic growth in Ivory Coast in the short and long term. Finally, Foreign Direct Investment (FDI) has no effect on the agricultural development and economic growth of the country. Therefore, to boost economic development in Ivory Coast, the state must invest more in the agricultural sector.

Keywords: public investment, agricultural development, economic growth, Ivory Coast