Influence of the savings rate on economic growth

The general objective of this analysis is to analyze the effects of the increased savings rate on economic growth in Burkina Faso. In other words, the study aims to investigate the nature of the relationship between the savings rate and the growth rate. More specifically, the study seeks to determine the nature of : - the relationship between savings and investment in order to ensure the accumulation of capital, a source of national wealth; - the relationship between the investment rate and the growth rate. A study of the influence of the savings rate on economic growth in Burkina Faso is an unquestionable contribution to the debate on whether or not developing countries need to increase their savings rate in order to sustain wealth, so as to help them escape the underdevelopment trap. With a view to achieving the guiding principles of the SCADD and the WAEMU Stability, Growth and Solidarity Pact, the conclusions of this study could challenge policymakers to reorient economic policy.