Private Savings and COVID-19 in Sub-Saharan Africa /

The paper reexamines the main private savings determinants in Sub-Saharan Africa (SSA), followed by an analysis of the COVID-19 pandemic impact on private savings in SSA and other country groupings. Using an unbalanced panel data from 1983-2021 for 31 SSA economies, the paper finds that real per cap...

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Detalhes bibliográficos
Autor principal: Loko, Boileau
Outros Autores: Nembot, Nelie, Ribeiro, Marcos Poplawski
Formato: Periódico
Idioma:English
Publicado em: Washington, D.C. : International Monetary Fund, 2022.
Colecção:IMF Working Papers; Working Paper ; No. 2022/176
Assuntos:
Acesso em linha:Full text available on IMF
Descrição
Resumo:The paper reexamines the main private savings determinants in Sub-Saharan Africa (SSA), followed by an analysis of the COVID-19 pandemic impact on private savings in SSA and other country groupings. Using an unbalanced panel data from 1983-2021 for 31 SSA economies, the paper finds that real per capita economic growth remains a key historical determinant of private savings in the region. In contrast with other regions, private saving rates have not increased during COVID-19 in SSA. Instead, COVID-19 deaths in our estimations are significantly associated with a decline in private savings in SSA. Robustness checks and a descriptive analysis of household surveys during the pandemic corroborate those results.
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Descrição Física:1 online resource (47 pages)
Formato:Mode of access: Internet
ISBN:9798400219306
ISSN:1018-5941
Acesso:Electronic access restricted to authorized BRAC University faculty, staff and students