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Law and Investment in Africa

  • Asongu Simplice

    ()

    (Yaoundé/Cameroun)

Contrary to mainstream consensus on the dominance of English common law countries in investment prospects, this paper sets a new tone in the legal origins debate by providing empirical validity on the dominance of French civil-law countries in private investment. The assessment is based on 38 African countries for the period 1996-2007. The law mechanisms of regulation quality and rule of law are used to investigate how legal origins (French, English, French sub-Saharan, Portuguese and North African) have influenced a plethora of investment dynamics (domestic, foreign, private and public). The dominance of French civil law countries in prospects for private investments could be traceable to their relatively low and stable inflation rates from common monetary policies.

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File URL: http://www.afridev.org/RePEc/agd/agd-wpaper/Law-and-Investment-in-Africa.pdf
File Function: Revised version, 2013
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Paper provided by African Governance and Development Institute. in its series Working Papers with number 11/014.

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Length: 38
Date of creation: 14 Nov 2011
Date of revision:
Publication status: Forthcoming in Institutions and Economies
Handle: RePEc:agd:wpaper:11/014
Contact details of provider: Web page: http://www.afridev.org/index.php/en/
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