Investment in Africa’s Manufacturing Sector: a Four Country Panel Data Analysis.

Investment in Africa’s Manufacturing Sector: a Four Country Panel Data Analysis.

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Firm-level data for the manufacturing sector in Africa, presented in this paper, shows very low levels of investment. A positive effect from profits onto investment is identified in a flexible accelerator specification of the investment function controlling for firm fixed effects. There is evidence...

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Bibliographic Details
Main Authors: Bigsten, A, Collier, P, Dercon, S, Gauthier, B, Gunning, J, Isaksson, A, Oduro, A, Oostendorp, R, Pattillo, C, Söderbom, M, Sylvain, M, Teal, F, Zeufack, A
Format: Working paper
Language:English
Published: CSAE (University of Oxford) 1997

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