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Low investment is not the constraint on African development

Devarajan, Shantayanan; Easterly, William; Pack, Howard - In: Economic development and cultural change 51 (2003) 3, pp. 547-571

The authors analyse the correlations between public and private investment and growth in Africa, and present a regression of growth during the years 1970-1997 on the averages of public and private investment to GDP, initial income, and population growth. Higher investment in Africa would not, by...

Persistent link: https://www.econbiz.de/10015100283