Public and Private Net Savings in Developing Countries: Some Empirical Tests for the Period 1972-88 [with Comments]

The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much atten...

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Bibliographic Details
Published in:Pakistan development review 1992-01, Vol.31 (4), p.431-447
Main Authors: Cornelisse, Peter A., Van De Mortel, Elma, Zuberi, Habib A., Khan, Ashfaque H.
Format: Article
Language:English
Subjects:
Capital mobility
Developing countries
DISTINGUISHED LECTURES
Economic aspects
Economic development
Evaluation
Financial investments
Fiscal policy
Global economy
Imports
Interpretation and construction
Management
Pakistan
Private savings
Private sector
Public debt
Public investments
Public sector
Savings
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Summary:The severe shocks that rocked the world economy in the 1970s and the ensuing efforts to adjust and to renew economic growth have had a profound effect on the economic literature. Especially the external and public debt problems which reached critical dimensions in many countries attracted much attention. Thus, in the field of macroeconomics financial issues have gained more prominence over the last two decades. Studies relating to the fiscal deficit have been particularly numerous. The critical size of national public debts, the contribution of the public debt to external debt, the reduced confidence in the state as the guide in socioeconomic development and the role of fiscal policy in adjustment processes are among the main reasons for this increased interest.
ISSN:0030-9729
DOI:10.30541/v31i4Ipp.431-447