Humphrey, Richard Martin; Iimi, Atsushi; Melibaeva, Sevara - 2015
Infrastructure is an important driving force for economic growth. It reduces trade and transaction costs and stimulates …, infrastructure is an important constraint in many African countries. Using firm-level data for East Africa, the paper reexamines the … relationship between firm performance and infrastructure. It is shown that labor costs are by far the most important to stimulate …