Is investment in Africa low despite high profits?
To my knowledge this study undertakes the first comprehensive and systematic empirical test of the hypothesis that while returns to invested capital in Sub‐Saharan Africa are high compared to select Asian and South American markets, investment rates are low. I investigate three sources: detailed Wor...
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| Format: | Working paper |
| Language: | English |
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CSAE (University of Oxford)
2008
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