01748cas a2200253 a 4500 AALejournalIMF000148 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451855753 1018-5941 BD-DhAAL BD-DhAAL Ghura, Dhaneshwar. Growth in Sub-Saharan Africa / Dhaneshwar Ghura, Michael Hadjimichael. Washington, D.C. : International Monetary Fund, 1995. 1 online resource (32 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 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. Mode of access: Internet Hadjimichael, Michael. IMF Working Papers; Working Paper ; No. 1995/136 Full text available on IMF http://elibrary.imf.org/view/journals/001/1995/136/001.1995.issue-136-en.xml IMF e-Library