Public Policies and Private Savings and Investment in Sub-Saharan Africa

Download or Read eBook Public Policies and Private Savings and Investment in Sub-Saharan Africa PDF written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-02-01 with total page 48 pages. Available in PDF, EPUB and Kindle.
Public Policies and Private Savings and Investment in Sub-Saharan Africa
Author :
Publisher : International Monetary Fund
Total Pages : 48
Release :
ISBN-10 : 9781451922523
ISBN-13 : 1451922523
Rating : 4/5 (23 Downloads)

Book Synopsis Public Policies and Private Savings and Investment in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura

Book excerpt: 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.


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