01948cas a2200277 a 4500 AALejournalIMF004537 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451852073 1018-5941 BD-DhAAL BD-DhAAL Ghura, Dhaneshwar. Effects of Macroeconomic Stabilityon Growth, Savings, and Investment in Sub-Saharan Africa : An Empirical Investigation / Dhaneshwar Ghura, E. Ucer, Martin Muhleisen, Michael Hadjimichael. Washington, D.C. : International Monetary Fund, 1994. 1 online resource (122 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 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. Mode of access: Internet Hadjimichael, Michael. Muhleisen, Martin. Ucer, E. IMF Working Papers; Working Paper ; No. 1994/098 Full text available on IMF http://elibrary.imf.org/view/journals/001/1994/098/001.1994.issue-098-en.xml IMF e-Library