Macroeconomics, Private sector, Economic reforms, Developing countries, Economic growth, Economic development
This paper discusses the interplay of crowding-out and crowding-in effects of policy reforms in the context of growth-oriented adjustment programs in developing countries, and to highlight some of the policy implications. A discussion of the nature and determinants of the two phenomena in a developing-country content is given in Section ll. Section lll presents some conclusions and practical implications of the analysis.
Victor, Odozi A,
"Crowding-out and crowding-in effects of policy reforms in developing countries,"
Bullion: Vol. 15:
2, Article 5.
Available at: https://dc.cbn.gov.ng/bullion/vol15/iss2/5