Low Investment is Not the Constraint on African Development

While many analysts decry the lack of sufficient investment in Africa, we find no evidence that private and public investment are productive, either in Africa as a whole (unless Botswana is included in the sample), or in the manufacturing sector in Tanzania. In this restricted sense, inadequate investment is not the major obstacle to African economic development.

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Year of publication:	2002-10
Authors:	Devarajan, Shantayanan ; Easterly, William R. ; Pack, Howard
Subject:	African Development \| private and public investment \| economic development

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Series:	Working Papers.
Type of publication:	Book / Working Paper
Notes:	Number 13 42 pages
Classification:	F35 - Foreign Aid ; O15 - Human Resources; Income Distribution; Migration ; O16 - Financial Markets; Saving and Capital Investment ; O55 - Africa
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005509579