Macroecnomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Macroecnomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries write by Temitope Waheed Oshikoya. This book was released on 1992. Macroecnomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries available in PDF, EPUB and Kindle.
Private Investment and Macroeconomic Adjustment
Private Investment and Macroeconomic Adjustment - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Private Investment and Macroeconomic Adjustment write by Luis Serven. This book was released on 1989. Private Investment and Macroeconomic Adjustment available in PDF, EPUB and Kindle. This paper reviews current investment theories, recent models linking macroeconomic policies and private investment, and the effect of uncertainty and credibility on irreversible investment decisions. Empirical studies on the subject are also reviewed, and the general implications of this literature for the design of growth- oriented adjustment programs are discussed.
Our Continent, Our Future
Our Continent, Our Future - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Our Continent, Our Future write by P. Thandika Mkandawire. This book was released on 2014-05-14. Our Continent, Our Future available in PDF, EPUB and Kindle. Our Continent, Our Future presents the emerging African perspective on this complex issue. The authors use as background their own extensive experience and a collection of 30 individual studies, 25 of which were from African economists, to summarize this African perspective and articulate a path for the future. They underscore the need to be sensitive to each country's unique history and current condition. They argue for a broader policy agenda and for a much more active role for the state within what is largely a market economy. Finally, they stress that Africa must, and can, compete in an increasingly globalized world and, perhaps most importantly, that Africans must assume the leading role in defining the continent's development agenda.
Adjustment for Growth
Adjustment for Growth - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Adjustment for Growth write by Mr. Amor Tahari. This book was released on 1996-10-15. Adjustment for Growth available in PDF, EPUB and Kindle. Over the past two decades, sub-Saharan Africa has lagged behind other regions in economic performance. The important overall indicators of performance, however, mask wide differences among countries. On the whole, countries that effectively implemented comprehensive adjustment and reform programs showed better results. Their experiences demonstrate that an expansion in private saving and investment is key to achieving gains in real per capita GDP. The four papers included in this publication provide a cross country analysis that assesses empirically the role of publlic policies in stimulating private saving and investment in the region in 1986-92 and describe the adjustment experiences of Ghana (1983-91), Senegal (1978-1993), and Uganda (1987-94).
Structural Adjustment and Private Investment in Africa
Structural Adjustment and Private Investment in Africa - read free eBook in online reader or directly download on the web page. Select files or add your book in reader. Download and read online ebook Structural Adjustment and Private Investment in Africa write by . This book was released on 1910. Structural Adjustment and Private Investment in Africa available in PDF, EPUB and Kindle. This study examines the effect of structural adjustment programmes on private investment in Sub-Saharan Africa. The impact of the three main components of structural adjustment--macroeconomic adjustment, sectoral reforms, and institutional adjustment--on factors that affect private investment, and hence on private investment is delineated theoretically and investigated empirically. The study deals with the effect of restrictive fiscal and monetary policies, and devaluation on investment, the relationship between public and private investment, the importance of credit availability for capital formation, the effect of external debt on investment decisions, and the impact of privatization and deregulation on private investment. The econometric investigation specifies an investment model that takes into account the structural characteristics of developing countries. Data on four African countries--Kenya, Malawi, Mauritius, and Zimbabwe--for the period of 1970-92 is used for the econometric analysis. The equations are estimated by the method of ordinary least square for the four countries separately, as well as using pooled cross-section time series approach. A dummy variable is used to take into account the structural break that may have occurred due to the debt crisis and structural adjustment programmes after 1982. The results show that structural adjustment has failed to revive private investment in Africa. The results on the relationship between many of the economic variables included in the study and private investment tend to be weak. The discussion on the institutional adjustment and its impact on private investment shows that the reforms do not seem to have succeeded in encouraging African entrepreneurship or attracting foreign direct investment.
