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

S. Devarajan; W. Easterly; H. Pack

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

S. Devarajan, W. Easterly, H. Pack

Research output: Contribution to journal › Article › peer-review

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

ASJC Scopus subject areas

Development
Economics and Econometrics

Cite this

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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.",

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

Abstract

ASJC Scopus subject areas

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