Saving, investment, and growth in developing countries
Subtitle: an overview
By: Klaus Schmidt-Hebbel, Luis Servén and Andrés Solimano.
Contributors: Serven, Luis.; Solimano, Andrés.
Series: Policy research working paper ;; 1382; Policy research working papers ;; 1382.
Publisher: World Bank, Policy Research Dept., Macroeconomics and Growth Division
Published: 1994
Place of publication: Washington, DC
Language: eng
Number of pages: 48
Subjects: Saving and investment -- Developing countries -- Congresses.; Developing countries -- Economic policy -- Congresses.
Notes: Includes bibliographical references (p. 42-48).
"The most effective way to promote investment, innovation, and growth is to provide a supportive policy environment and institutions. The essentials are macroeconomic stability, undistorted prices, well-defined and well-enforced property rights, an environment that keeps business costs low, and political institutions that foster social consensus and political stability. Government should also provide adequate infrastructure and human capital investment-- whether as public projects or with the halp of the private sector"--Cover.
"This paper was presented at the conference 'Economic Growth and Long-Term Development' held in El Escorial, July 11-13, 1994."
"November 1994"--Cover.