TY - BOOK ID - 84542409 TI - Public Policies and Private Savings and Investment in Sub-Saharan Africa : An Empirical Investigation AU - Ghura, Dhaneshwar. AU - Hadjimichael, Michael. PY - 1995 SN - 1462344038 1455245410 PB - Washington, D.C. : International Monetary Fund, DB - UniCat KW - Aggregate Factor Income Distribution KW - Capacity KW - Capital KW - Currency KW - Debt Management KW - Debt KW - Debts, Public KW - Foreign Exchange KW - Foreign exchange KW - Government debt management KW - Income KW - Intangible Capital KW - Investment KW - Investments: General KW - Macroeconomics KW - Macroeconomics: Consumption KW - National accounts KW - Panel Data Models KW - Private investment KW - Private savings KW - Public finance & taxation KW - Public Finance KW - Public financial management (PFM) KW - Real effective exchange rates KW - Saving and investment KW - Saving KW - Sovereign Debt KW - Spatio-temporal Models KW - Wealth KW - South Africa UR - https://www.unicat.be/uniCat?func=search&query=sysid:84542409 AB - 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. ER -