Description

Determinants for Saving in Lebanon, 1974 – 2000

By: Dr. Roy Khoueiri

In 1991, the war in Lebanon came to an end, and government authority war gradually restored.  However, sixteen years of hostilities resulted in fundamental changes in the economy in the postwar years, causing the GDP to be lower than in the prewar period.  This was also accompanied by inflationary pressure, a reduction in the purchasing power of the national currency, large fiscal deficits, and a severe decline in the standard of living among the middle class.

The economy’s rate of savings out of the current income and the investment of such savings play a major role, along with other factors, in determining the growth of an economy.  This book focuses on a study of savings in general, and their relation with growth and their influence on the GDP, inflation, and interest rates in particular.

Analysis will also shed light on the main factors behind the increase in the rate of poverty, income inequality, and the mismanagement of fiscal policy, which lead to negative public sector savings, crowding out investment and causing a drop in the GDP.  In the long term, the study promotes developmental policies that should be adopted with respect to the determinants of saving and the direct6ion of causality between saving and growth.

Language(s): English
ISBN: 9953418616
2005, Paperback,  195  pages, 17 x 24 cm