Is Investment in Africa Too High or Too Low? Macro? and Micro?evidence

Author:

Devarajan, Shantayanan

Place:

Oxford

Publisher:

Oxford University Press

Date published:

2001

Record type:

Journal article

Region:

Africa

Responsibility:

Easterly, William, jt. Author

Pack, Howard, jt. author

Journal Title:

Journal of African Economies

Source:

Journal of African Economies Volume 10 Supp 1 Feb 2001 pp. 81-108

Subject:

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.

Language:

English

Subject profile :

Investment / Economic Policy / Integration

DOI:

https://doi.org/10.1093/jae/10.Suppl2.81

CITATION: Devarajan, Shantayanan. Is Investment in Africa Too High or Too Low? Macro? and Micro?evidence . Oxford : Oxford University Press , 2001. Journal of African Economies Volume 10 Supp 1 Feb 2001 pp. 81-108 - Available at: https://library.au.int/investment-africa-too-high-or-too-low-macro-and-microevidence