The authors analyse the correlations between public and private investment and growth in Africa, and present a regression of growth during the years 1970-1997 on the averages of public and private investment to GDP, initial income, and population growth. Higher investment in Africa would not, by...

In 1973, after a military takeover, Uruguayan authorities rapidly began liberalizing their economy's tightly regulated financial system. After briefly reviewing the impact of these reforms on financial asset holdings and on the availability of liquidity to the private sector, the paper examines...