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Is Investment in Africa Too High or Too Low? Macro‐ and Micro‐evidence
| Content Provider | Semantic Scholar |
|---|---|
| Author | Devarajan, Shantayanan Easterly, William Pack, Howard |
| Copyright Year | 2001 |
| Abstract | Many analysts decry the lack of sufficient investment in Africa, implying that investment in Africa is 'too low'. We find no evidence that private and public capital are productive in Africa, either in the cross‐country data or in micro‐data from Tanzania. In this restricted sense, investment in Africa is too high rather than too low. |
| Starting Page | 81 |
| Ending Page | 108 |
| Page Count | 28 |
| File Format | PDF HTM / HTML |
| DOI | 10.1093/jae/10.Suppl2.81 |
| Volume Number | 10 |
| Alternate Webpage(s) | http://www.worldbank.org/research/growth/pdfiles/deveastpack.pdf |
| Alternate Webpage(s) | https://doi.org/10.1093/jae%2F10.Suppl2.81 |
| Language | English |
| Access Restriction | Open |
| Content Type | Text |
| Resource Type | Article |