%0 Journal Article
%T Infrastructure Spending, Political Instability and Economic Growth
%A Gastonfils Lonzo Lubu
%A Jean Collins Musonda Kalusambo
%A C¨¦lestin Tondi Kikola
%A Junior Eleo Ambroise
%J iBusiness
%P 119-139
%@ 2150-4083
%D 2023
%I Scientific Research Publishing
%R 10.4236/ib.2023.152009
%X This study intends to examine the effects of
political unrest and government infrastructure spending on economic growth in
the Democratic Republic of the Congo between 1980 and 2020. This is being done
to assess the relationship between public infrastructure and economic growth in
the DRC as well as the impact that political instability has on that
relationship. According to <span>the findings of
an econometric regression that employed estimation tech</span>niques <span>ranging from the most basic to the most reliable,
such as the ordinary least</span> <span>squares
(OLS) method, fully modified least squares (FMOLS, Philips Ha</span>nsen),
canonical cointegration regression (CCR, Park), and vector error correction
model (VECM), a positive relationship between infrastructure spending and
long-term economic growth has been found at the ground level. It also seems
that political unrest has an impact on infrastructure spending, which has an
impact on economic growth both directly and indirectly.
%K Infrastructure Spending
%K Political Instability
%K Economic Growth and the VECM Model
%K The Democratic Republic of Congo
%U http://www.scirp.org/journal/PaperInformation.aspx?PaperID=124919