A Review of Private Sector Investment and Related Policies: The Case of Malawi
Keywords:
Private investment, policies, economic growth.Abstract
The paper reviews the policies that influenced the level of private investment in Malawi from 1980 to 2019. Private investment as a percentage of GDP has been fluctuating since 1980 reaching a record high of 17.3 percent in 2009. Although the country experienced the highest growth in the 1990s, when its GDP growth rate reached 16.7 percent in 1995, it also experienced negative growth in some years. The Malawian government is recommended to continue in its efforts to create an enabling environment for the private sector to achieve sustainable economic growth.
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Bèdia, F.A. (2007). Relative effects of public and private investment on Côte d’lvoire’s economic performance. Applied Econometrics and International Development, Vol. 7, No. 1, Pp. 151–158.
Chirwa, E.W. (2000). The promise of privatisation: financial and operating efficiency in Malawi manufacturing. University of Malawi, Working Paper No. WC/02/00.
Chirwa, E.W. (2005). Macroeconomic policies and poverty reduction in Malawi: can we infer from panel data. Research Report. Global Development Network.
Ghura, D. (1997). Private investment and endogenous growth: Evidence from Cameroon. International Monetary Fund, IMF Working Paper, WP/97/165.
Government of Malawi. (2002). Malawi poverty reduction strategy paper 2002. Retrieved from https://www.imf.org/External/NP/prsp/2002/mwi/01/043002.pdf, date: 10 April 2020
Government of Malawi. (2004). Malawi economic growth strategy. Volume II. Ministry of Economic Planning and Development: Lilongwe, Malawi.
Government of Malawi. (2006). Malawi growth and development strategy 2006–2011. Ministry of Finance and Development Planning, Lilongwe.
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Government of Malawi. (2017). malawi growth and development strategy 2017–2022. Retrieved from https://www.undp.org/content/dam/malawi/docs/UNDP_Malawi_MGDS)percent20III.pdf, date: 10 April 2020
Khan, M.S. & Reinhart, C. (1990). Private investment and economic growth in developing countries. World Development, Vol. 18, No. 1, Pp.19–27.
Mallick, S.K. (2002). Determinants of long-term growth in India: A Keynesian approach. Progress in Development Studies, Vol. 2, No. 4, Pp. 306–324.
Makuyana, G. & Odhiambo, N. (2014). The dynamics of public and private investment in Malawi. Problems and Perspectives in Management, Vol. 12, No. 2, Pp. 25–33.
Ramirez, M.D. & Nazmi, N. (2003). Public investment and economic growth in Latin America: An empirical test. Review of Development Economics, Vol. 7, No. 1, Pp. 115–126.
World Bank. (2020). World development indicators. Retrieved from https://databank.worldbank.org/data/source/world-development-indicators#, date: 07 March 2020
World Bank. (2021). World development indicators. Retrieved from https://databank.worldbank.org/data/source/world-development-indicators#, date: on 11 May 2021
Published
2021-09-14
How to Cite
Maluleke, G., Odhiambo, N. M., & Nyasha, S. (2021). A Review of Private Sector Investment and Related Policies: The Case of Malawi: Array. EuroEconomica, 40(2). Retrieved from https://dj.univ-danubius.ro/index.php/EE/article/view/1049
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