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Macroeconomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries

In: From Adjustment to Development in Africa

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  • T. W. Oshikoya

Abstract

During the late 1970s and early 1980s, many African countries embarked on economic policy reforms and adjustment programmes to correct macroeconomic imbalances, short-term internal and external disequilibria, and to meet the challenge of restoring long-term economic growth. Adjustment policies to restore macroeconomic balances focused on bringing the level of aggregate demand and its composition into line with the level of aggregate output and available resources. The key areas of macroeconomic policy stabilisation are fiscal and credit restrictions.

Suggested Citation

  • T. W. Oshikoya, 1993. "Macroeconomic Adjustment, Uncertainty and Domestic Private Investment in Selected African Countries," Palgrave Macmillan Books, in: Giovanni Andrea Cornia & Gerald K. Helleiner (ed.), From Adjustment to Development in Africa, chapter 7, pages 137-151, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-349-23596-4_7
    DOI: 10.1007/978-1-349-23596-4_7
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