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Private Savings and COVID-19 in Sub-Saharan Africa / Boileau Loko, Nelie Nembot, Marcos Poplawski Ribeiro.
- Format:
- Book
- Government document
- Author/Creator:
- Loko, Boileau.
- Series:
- IMF Working Papers; Working Paper ; No. 2022/176
- IMF Working Papers
- Language:
- English
- Physical Description:
- 1 online resource (47 pages)
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2022.
- Summary:
- 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.
- Notes:
- Description based on print version record.
- ISBN:
- 9798400219504
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