Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa PDF Download
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Author: Mr.Dhaneshwar Ghura
Publisher: International Monetary Fund
ISBN: 145185207X
Category : Business & Economics
Languages : en
Pages : 122
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Book Description
The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986–93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.
Author: Mr.Dhaneshwar Ghura
Publisher: International Monetary Fund
ISBN: 145185207X
Category : Business & Economics
Languages : en
Pages : 122
Get Book Here
Book Description
The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986–93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.
Author:
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 130
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Book Description
Author: Michael Hadjimichael
Publisher:
ISBN:
Category :
Languages : en
Pages : 122
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Book Description
The analysis of this paper indicates that the unsatisfactory overall economic performance of sub-Saharan African countries during 1986-93 was due to inappropriate policies pursued by a number of countries. The countries that have pursued broadly appropriate adjustment policies have performed much better, achieving positive per capita GDP growth. The analysis is supported with an econometric investigation of the effects of macroeconomic policies, structural reforms, and exogenous factors on economic performance. The results indicate that progress in achieving macroeconomic stability and implementing structural reforms have been conducive to better growth, savings, and private investment.
Author: Michael T. Hadjimichael
Publisher:
ISBN:
Category : Africa, Sub-Saharan
Languages : en
Pages : 116
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Book Description
Author: Michael T. HADJIMICHAEL
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
Author: Fondo Monetario Internacional
Publisher:
ISBN:
Category :
Languages : es
Pages : 116
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Book Description
Author: Mr.Dhaneshwar Ghura
Publisher: International Monetary Fund
ISBN: 1451855753
Category : Business & Economics
Languages : en
Pages : 32
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Book Description
The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Author: Finn Tarp
Publisher: Routledge
ISBN: 1134891989
Category : Business & Economics
Languages : en
Pages : 233
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Book Description
This book reveals and examines the relevance of the macroeconomic theory and models behind recommendations for stabilization and structual adjustment. Alternaive analytical approaches are discusses. This is done on the basis of an up-to-date review of developments in sub-saharan Africa during the 1980's and within a common analytical framework.
Author: Mr.Dhaneshwar Ghura
Publisher: International Monetary Fund
ISBN: 1451922523
Category : Business & Economics
Languages : en
Pages : 48
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Book Description
This paper assesses empirically the role of public policies in stimulating private savings and investment in sub-Saharan African countries, based on data for the period 1986-92. The main findings of the analysis are as follows: (i) policies effective in stimulating private savings and investment include those that keep the rate of inflation low, reduce macroeconomic uncertainty, promote financial deepening, and lower the external debt burden; (ii) measures that promote structural reforms and reduce the budget deficit (without lowering government investment) help to raise private investment; and (iii) declines in government savings are only partially offset by increases in private savings.
Author: Mr.Ernesto Hernández-Catá
Publisher: International Monetary Fund
ISBN: 1451973519
Category : Political Science
Languages : en
Pages : 27
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Book Description
This paper argues that sub-Saharan Africa’s growth performance needs to be improved substantially in order to raise standards of living to an acceptable level and achieve a visible reduction in poverty. The paper provides a broad overview of the explanations for sub-Saharan Africa’s unsatisfactory growth performance in the past, paying particular attention to the empirical literature. It argues that growth has been hampered by economic distortions and institutional deficiencies that have increased the risk of investing in Africa, and lowered the rates of return on capital and labor as well as the growth of total factor productivity.
