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Institutional dynamics and capital accumulation: Evidence from Namibia and Tanzania

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  • Bernhard P. Zaaruka

Abstract

The purpose of this study is to examine the impact of institutions on fixed capital accumulation over time in two developing countries, both former German colonies: Namibia and Tanzania. This is motivated by two recent underpinning theories: the new institutional theory, which views institutions as fundamental determinants of economic outcomes and income variations among countries […]

Suggested Citation

  • Bernhard P. Zaaruka, 2012. "Institutional dynamics and capital accumulation: Evidence from Namibia and Tanzania," Working Papers 318, Economic Research Southern Africa.
    • Handle: RePEc:rza:wpaper:318
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    More about this item

    Keywords

    Africa; capital; Infrastructure; investment; SADC; uncertainty;
    All these keywords.

    JEL classification:

    • E02 - Macroeconomics and Monetary Economics - - General - - - Institutions and the Macroeconomy
    • K00 - Law and Economics - - General - - - General (including Data Sources and Description)
    • N4 - Economic History - - Government, War, Law, International Relations, and Regulation
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development

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