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banks, as well as slightly higher national savings, further increased Africa’s resilience to shocks. Regarding structural …
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-Horioka approach to measuring capital mobility. The results suggest three conclusions: savings and investment in panel data are non … savings-retention ratios of 0.73 (FMOLS), 0.45 (DOLS), 0.51 (DOLS with heterogeneity) and 0.39 (DOLS with cross …-sectional dependence effects); and there was a marked drop in the savings-retention ratio from 1970-85 to 1986-2000. The results could be …
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