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.
Original language | English (US) |
---|---|
Pages (from-to) | 81-108 |
Number of pages | 28 |
Journal | Journal of African Economies |
Volume | 10 |
Issue number | SUPPLEMENT 2 |
State | Published - 2001 |
Fingerprint
ASJC Scopus subject areas
- Economics and Econometrics
Cite this
Is investment in Africa too high or too low? Macro- and micro-evidence. / Devarajan, S.; Easterly, William; Pack, H.
In: Journal of African Economies, Vol. 10, No. SUPPLEMENT 2, 2001, p. 81-108.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - Is investment in Africa too high or too low? Macro- and micro-evidence
AU - Devarajan, S.
AU - Easterly, William
AU - Pack, H.
PY - 2001
Y1 - 2001
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=0034799072&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=0034799072&partnerID=8YFLogxK
M3 - Article
AN - SCOPUS:0034799072
VL - 10
SP - 81
EP - 108
JO - Journal of African Economies
JF - Journal of African Economies
SN - 0963-8024
IS - SUPPLEMENT 2
ER -