Characteristics and Behaviour of African Factor Markets and Market Institutions and Their Consequences for Economic Growth
AbstractThis paper provides a detailed characterisation of the structure and behaviour of African factor markets and the institutions that impact on their operations. It shows that the African factor markets are imperfect and inefficient, thus constraining economic growth. The paper posits that for the current reform programmes to succeed, policy that enhances the efficiency and competitiveness of the African factor markets must be put in place.
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Bibliographic InfoPaper provided by Center for International Development at Harvard University in its series CID Working Papers with number 31.
Date of creation: Dec 1999
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Postal: Center for International Development at Harvard University (CID). 79 John F. Kennedy Street, Cambridge, MA 02138.
Web page: http://www.cid.harvard.edu/cidwp/
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- O1 - Economic Development, Technological Change, and Growth - - Economic Development
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