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Private Savings and COVID-19 in Sub-Saharan Africa
Mr. Boileau LokoNelie NembotMr. Marcos Poplawski Ribeiro
出版International Monetary Fund, 2022-09-09
主題Business & Economics / EconometricsBusiness & Economics / Economics / MacroeconomicsBusiness & Economics / Economics / GeneralHealth & Fitness / Diseases & Conditions / Contagious (incl. Pandemics)Social Science / Demography
ISBN9798400219306
URLhttp://books.google.com.hk/books?id=NWWLEAAAQBAJ&hl=&source=gbs_api
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註釋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.