Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/322564 
Year of Publication: 
2024
Series/Report no.: 
FERDI Working Paper No. P343
Publisher: 
Fondation pour les études et recherches sur le développement international (FERDI), Clermont-Ferrand
Abstract: 
This article examines the relationships between public, private, and economic growth in Sub-Saharan African countries from 1990 to 2019. The study reveals that private investment significantly contributes to long-term economic growth in the region. In contrast, the impact of public investment on long-term growth is not robust. These findings suggest that fostering economic growth in Sub-Saharan Africa requires a shift in policymaking from a public-sector to a private-sector growth approach. Prioritizing the private sector for growth and investment could be advantageous for most countries in the region, given their demographics and the imperative to create job opportunities.
Subjects: 
Private investment
Public investment
Economic growth
Sub-Saharan Africa
JEL: 
O40
R11
R42
R53
Document Type: 
Working Paper

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