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

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

Bibliographic Details
Main Author: Devarajan, Shantayanan
Corporate Author: World Bank Development Research Group
Other Authors: Pack, Howard, Easterly, William
Format: eBook
Language:English
Published: Washington, D.C World Bank, Development Research Group, Public Economics and Macroeconomics and Growth 2001
Series:Policy research working paper
Subjects:
Online Access:
Collection: World Bank E-Library Archive - Collection details see MPG.ReNa
Description
Summary: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
Item Description:Includes bibliographical references (p. 24-26). - Title from title screen as viewed on Sept. 24, 2002