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Author Devarajan, Shantayanan, 1954-

Title Is investment in Africa too low or too high? [electronic resource] : macro and micro evidence / Shantayanan Devarajan, William R. Easterly, Howard Pack.

Published Washington, D.C. : World Bank, Development Research Group, Public Economics and Macroeconomics and Growth, 2001.


Location Call No. Status
Series Policy research working paper ; 2519
Policy research working papers ; 2519.
World Bank e-Library.
Notes Title from title screen as viewed on Sept. 24, 2002.
Bibliography Includes bibliographical references (p. 24-26).
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.
Other formats Also available in print.
Other author Easterly, William, 1957-
Pack, Howard.
World Bank. Development Research Group. Macroeconomics and Growth.
World Bank. Development Research Group. Public Economics.
Subject Capital movements -- Africa.
Investments -- Africa.
Rate of return -- Africa.
Saving and investment -- Africa.