Financial liberalization and its implications for private savings in sub-Saharan Africa

Elizabeth Asiedu, Fafanyo Asiseh, Theresa Mannah-Blankson and Jones Arkoh Paintsil

No wp-2022-79, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: This paper employs data from 103 developing countries between 1981 and 2012 to examine the determinants of private savings in sub-Saharan Africa (SSA), with a focus on the effect of financial liberalization on private savings. It also analyses why the savings rate for SSA countries is lower than for other developing countries, by examining whether the determinants of private savings in SSA differ significantly from non-SSA countries.

Keywords: Developing countries; Financial liberalization; Saving; Sub-Saharan Africa (search for similar items in EconPapers)
Date: 2022
New Economics Papers: this item is included in nep-afr and nep-fdg
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