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Is investment in Africa too low or too high? : macro and micro evidence / Shantayanan Devarajan, William R. Easterly, Howard Pack.
World Bank Open Knowledge Repository (formerly "World Bank E-Library Publications") Available online
View online- Format:
- Book
- Government document
- Author/Creator:
- Devarajan, Shantayanan, 1954-
- Series:
- Policy research working papers ; 2519.
- World Bank e-Library.
- Policy research working paper ; 2519
- Language:
- English
- Subjects (All):
- Capital movements--Africa.
- Capital movements.
- Investments--Africa.
- Investments.
- Rate of return--Africa.
- Rate of return.
- Saving and investment--Africa.
- Saving and investment.
- Other Title:
- Is investment in Africa too low or too high?
- Policy research working paper vol. 2519
- Place of Publication:
- Washington, D.C. : World Bank, Development Research Group, Public Economics and Macroeconomics and Growth, 2001.
- System Details:
- data file
- 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.
- Notes:
- Title from title screen as viewed on Sept. 24, 2002.
- Includes bibliographical references (p. 24-26).
- Publisher Number:
- 10.1596/1813-9450-2519
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