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Bullion

Keywords

Macroeconomics, Private sector, Economic reforms, Developing countries, Economic growth, Economic development

Abstract

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.

Publication Title

CBN Bullio

Issue

2

Volume

15

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