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)|
|Number of pages||28|
|Journal||Journal of African Economies|
|Issue number||SUPPLEMENT 2|
|State||Published - 2001|
ASJC Scopus subject areas
- Economics and Econometrics