Monetary Policy and Private Investment in Uganda.

Simple item page
dc.contributor.authorOuma, Anthony
dc.date.accessioned2026-07-20T08:44:42Z
dc.date.available2026-07-20T08:44:42Z
dc.date.issued2023-10-02
dc.descriptionThis is a master's thesis.
dc.description.abstractThis study investigates the effect of monetary policy on private sector investment in Uganda. Employing the Auto Regressive Distributive Lag (ARDL) approach and the bounds test for cointegration, the study regressed Gross Fixed Capital Formation against monetary policy variables; money supply, lending interest rate, inflation and GDP per capita as a control, over a 30 year period using annual data. The study established that all independent variables, apart from lending interest rate, negatively affected private investment in the short run. In the long run, all independent variables have a negative effect on private investment, apart from GDP per capita. The study recommended that although government can run an expansionary monetary policy in the short run, it should avoid prolonging it because in the long run it hurts private investment through increases in money supply, rising inflation and rising lending rates.
dc.description.sponsorshipDr. Joyce Abaliwano, (PhD) (Makerere University Business School) & Mr. Wabukala Benard Musekese, (Makerere University Business School)
dc.identifier.citationOuma, A. (2023). Monetary Policy and Private Investment in Uganda. (Unpublished master's dissertation). Makerere University Business School, Kampala, Uganda.
dc.identifier.urihttp://hdl.handle.net/20.500.12282/6035
dc.language.isoen
dc.publisherMakerere University Business School
dc.rightsAttribution-NonCommercial-NoDerivs 3.0 United Statesen
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/us/
dc.titleMonetary Policy and Private Investment in Uganda.
dc.typeThesis
Files
Original bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
Ouma Anthony _MAEPM_2023.pdf
Size:
704.56 KB
Format:
Adobe Portable Document Format
Description:
This is a master's thesis.
Download
License bundle
Now showing 1 - 1 of 1
Thumbnail Image
Name:
license.txt
Size:
1.71 KB
Format:
Item-specific license agreed upon to submission
Description:
Download
Collections
Dissertations and Theses (Master's & Doctoral)