Low Investment is Not the Constraint on African Development
42 Pages Posted: 18 Mar 2008
Date Written: October 2002
While many analysts decry the lack of sufficient investment in Africa, we find no evidence that private and public investment are productive, either in Africa as a whole (unless Botswana is included in the sample), or in the manufacturing sector in Tanzania. In this restricted sense, inadequate investment is not the major obstacle to African economic development.
Keywords: Africa, economic development, investment
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