Low Investment is Not the Constraint on African Development
AbstractWhile many analysts decry the lack of sufficient investment in Africa, we find no evidence that private and public investment are productive, either in Africa as a whole (unless Botswana is included in the sample), or in the manufacturing sector in Tanzania. In this restricted sense, inadequate investment is not the major obstacle to African economic development.
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Bibliographic InfoPaper provided by Center for Global Development in its series Working Papers with number 13.
Length: 42 pages
Date of creation: Oct 2002
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African Development; private and public investment; economic development;
Other versions of this item:
- Devarajan, Shantayanan & Easterly, William R & Pack, Howard, 2003. "Low Investment Is Not the Constraint on African Development," Economic Development and Cultural Change, University of Chicago Press, vol. 51(3), pages 547-71, April.
- F35 - International Economics - - International Finance - - - Foreign Aid
- O15 - Economic Development, Technological Change, and Growth - - Economic Development - - - Economic Development: Human Resources; Human Development; Income Distribution; Migration
- O16 - Economic Development, Technological Change, and Growth - - Economic Development - - - Financial Markets; Saving and Capital Investment; Corporate Finance and Governance
- O55 - Economic Development, Technological Change, and Growth - - Economywide Country Studies - - - Africa
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