Is investment in Africa too high or too low? Macro- and micro-evidence

S. Devarajan, William Easterly, H. Pack

    Research output: Contribution to journalArticle

    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 languageEnglish (US)
    Pages (from-to)81-108
    Number of pages28
    JournalJournal of African Economies
    Volume10
    Issue numberSUPPLEMENT 2
    StatePublished - 2001

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    evidence
    productive capital
    Tanzania
    Africa
    lack
    Public capital
    Analysts
    Micro data
    public

    ASJC Scopus subject areas

    • Economics and Econometrics

    Cite this

    Devarajan, S., Easterly, W., & Pack, H. (2001). Is investment in Africa too high or too low? Macro- and micro-evidence. Journal of African Economies, 10(SUPPLEMENT 2), 81-108.

    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 journalArticle

    Devarajan, S, Easterly, W & Pack, H 2001, 'Is investment in Africa too high or too low? Macro- and micro-evidence', Journal of African Economies, vol. 10, no. SUPPLEMENT 2, pp. 81-108.
    Devarajan S, Easterly W, Pack H. Is investment in Africa too high or too low? Macro- and micro-evidence. Journal of African Economies. 2001;10(SUPPLEMENT 2):81-108.
    Devarajan, S. ; Easterly, William ; Pack, H. / Is investment in Africa too high or too low? Macro- and micro-evidence. In: Journal of African Economies. 2001 ; Vol. 10, No. SUPPLEMENT 2. pp. 81-108.
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