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

被引：14

作者：

Devarajan, S

Easterly, W

Pack, H

机构：

[1] World Bank, Washington, DC 20433 USA

[2] Univ Penn, Philadelphia, PA 19104 USA

来源：

JOURNAL OF AFRICAN ECONOMIES | 2001年 / 10卷

关键词：

D O I：

10.1093/jae/10.Suppl2.81

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

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.

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页码：81 / 108

页数：28

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