Is investment in Africa too low or too high?
Subtitle: macro and micro evidence
By: Shantayanan Devarajan, William R. Easterly, Howard Pack.
Contributors: Easterly, William Russell.; Pack, Howard.; World Bank. Development Research Group. Macroeconomics and Growth.; World Bank. Development Research Group. Public Economics.
Series: Policy research working paper ;; 2519; Policy research working papers (Online) ;; 2519.
Publisher: World Bank, Development Research Group, Public Economics and Macroeconomics and Growth
Published: 2001
Place of publication: Washington, D.C
Language: eng
Format: Electronic resource
Subjects: Investments -- Africa; Saving and investment -- Africa; Rate of return -- Africa; Capital movements -- Africa
Description: Many analysts decry the level of investment in Africa, saying it is too low. But there is no evidence, in cross-country data or in microeconomic data from Tanzania, that private and public capital is productive in Africa. In that sense, investment in Africa may be viewed as too high.
Notes: Includes bibliographical references (p. 24-26).
Title from title screen as viewed on Sept. 24, 2002.
Also available in print.
Mode of access: World Wide Web.