Macroeconomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries

T. W. Oshikoya

Chapter 7 in From Adjustment to Development in Africa, 1993, pp 137-151 from Palgrave Macmillan

Abstract: Abstract During the late 1970s and early 1980s, many African countries embarked on economic policy reforms and adjustment programmes to correct macroeconomic imbalances, short-term internal and external disequilibria, and to meet the challenge of restoring long-term economic growth. Adjustment policies to restore macroeconomic balances focused on bringing the level of aggregate demand and its composition into line with the level of aggregate output and available resources. The key areas of macroeconomic policy stabilisation are fiscal and credit restrictions.

Keywords: African Country; Private Investment; Nominal Exchange Rate; Investment Rate; External Debt (search for similar items in EconPapers)
Date: 1993
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-349-23596-4_7

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DOI: 10.1007/978-1-349-23596-4_7

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