Is investment in Africa too low or too high : macro and micro evidence (English)

The authors investigate the relationship between weak growth performance and low investment rates in Africa. The cross-country evidence suggests no direct relationship. The positive and significant coefficient on private investment appears to be driven by Botswana's presence in the sample. Allowing for the endogeneity of private investment, controlling for policy, and positing a nonlinear relationship make no difference to the conclusion. Higher investment...

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Author

Devarajan,Shantayanan;

Easterley, William R.;

Pack,Howard;
Document Date
2001/01/31
Document Type
Policy Research Working Paper
Report Number
WPS2519
Volume No
1
Total Volume(s)
1
Country
Tanzania, Botswana, Africa,
Region
Eastern and Southern Africa, Africa,
Disclosure Date
2010/07/01
Doc Name
Is investment in Africa too low or too high : macro and micro evidence
Keywords
private investment

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Citation

Devarajan,Shantayanan; Easterley, William R.; Pack,Howard.

Is investment in Africa too low or too high : macro and micro evidence (English). Policy, Research working papers ; no. WPS 2519 Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/228721468767981507

Is investment in Africa too low or too high : macro and micro evidence (English)

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