Is investment in Africa too low or too high?

Is investment in Africa too low or too high?

by Shantayanan Devarajan

Part of Policy research working paper ;

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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.

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