01844cas a2200253 a 4500 AALejournalIMF000092 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451922523 1018-5941 BD-DhAAL BD-DhAAL Ghura, Dhaneshwar. Public Policies and Private Savings and Investment in Sub-Saharan Africa : An Empirical Investigation / Dhaneshwar Ghura, Michael Hadjimichael. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (48 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students 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. Mode of access: Internet Hadjimichael, Michael. IMF Working Papers; Working Paper ; No. 1995/019 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/019/001.1995.issue-019-en.xml IMF e-Library