Successful Transitions from Public to Private-Sector Led Growth : Lessons for Benin /

Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restr...

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מחבר ראשי: Diallo, Aissatou
פורמט: כתב-עת
שפה:English
יצא לאור: Washington, D.C. : International Monetary Fund, 2021.
סדרה:IMF Working Papers; Working Paper ; No. 2021/286
נושאים:
גישה מקוונת:Full text available on IMF
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245 1 0 |a Successful Transitions from Public to Private-Sector Led Growth :   |b Lessons for Benin /  |c Aissatou Diallo. 
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300 |a 1 online resource (28 pages) 
490 1 |a IMF Working Papers 
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520 3 |a Many Sub-Saharan African (SSA) countries, like Benin, have scaled up public investment during the last decade. Such a strategy contributed to the improvement of infrastructure, but also to a build-up of debt vulnerabilities. Looking forward, the planned fiscal consolidation will result in some restraint of public spending, and, in particular, public investment. In this context, maintaining or even raising the region's economic growth will require an offset by the private sector. The analysis draws lessons from countries that have successfully transitioned from public investment to private investment-led growth using a global sample starting in the mid-1980s. These lessons highlight policies that have been crucial in fostering a rebound of private investment in the wake of a contraction of public investment. The analytical framework proposed by Hausman, Rodrik and Velasco (2005) is used to identify and classify such policies. Finally, the paper analyses how the identified policies could help Benin achieving a smooth transition from public to private sector-led growth. 
538 |a Mode of access: Internet 
650 7 |a Growth, Transition, Fiscal Consolidation and Lessons  |2 imf 
650 7 |a Macroeconomic Aspects of International Trade and Finance  |2 imf 
650 7 |a Macroeconomic Policy, Macroeconomic Aspects of Public Finance, and General Outlook  |2 imf 
650 7 |a Macroeconomics  |2 imf 
650 7 |a Money and Interest Rates  |2 imf 
650 7 |a Private and Public Investment  |2 imf 
830 0 |a IMF Working Papers; Working Paper ;  |v No. 2021/286 
856 4 0 |z Full text available on IMF  |u http://elibrary.imf.org/view/journals/001/2021/286/001.2021.issue-286-en.xml  |z IMF e-Library