Government Stability, Corruption, Investment Conditions and Private Investment in Côte d’Ivoire: The Autoregressive Distributed Lag (ARDL) Approach

Abstract

This study highlights the role of institutional factors in determining private investment in Côte d’Ivoire. The data come from the World Bank and the “Political Risk Services Group”. The Autoregressive Distributed Lag (ARDL) approach was used. The reduction of investment risks, the fight against corruption and the preservation of governmental stability are determining factors of private investment in Côte d’Ivoire. It is recommended to establish a national authority with exceptional sanctioning powers to fight corruption more effectively and to promote a democratic culture that ensures a better quality of the institutional environment.