Low Investment Is Not the Constraint on African Development*

By Shanta Devarajan, William R. Easterly, Howard Pack. Economic development and cultural change, 2003

133 citations recorded by the source corpus.

Subfields: Development, Economics and Econometrics

View Paper: https://www.semanticscholar.org/paper/8c764c2c01191be325a077eb6db551ca98ce08d4

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Citations in the corpus

Poverty Traps, Aid, and Growth (2005, background): “Similarly, Devarajan et al. (2001, 2003) document that the effect of public investment on growth is not significantly different from zero, and that the effect of private investment on growth is significant only if Botswana is included in the sample.”
The Trouble with the MDGS: Confronting Expectations of Aid and Development Success (2007, background): “[W]e cannot stress enough the fact that financial assistance is but one of the factors required to reach these goals,’’ point out Devarajan et al. (p. 30). These other factors prominently include an improved policy environment within developing countries and alleviating a range of specific aid effec”
Growth of African Economies: Productivity, Policy Syndromes and the Importance of Institutions (2013, background): “Table 1: Growth Decomposition for SSA Year Growth of real GDP per worker Contribution of growth in Estimated residuala Physical capital per worker Education per worker”
Assessing the relationships between human capital, innovation and technology adoption: Evidence from sub-Saharan Africa (2017, background): “Devarajan et al. (2003) argue strongly that the constraint to growth in SSA is due to the deficiency in innovation and technology adoption.”
Infrastructure and Economic Development in Sub-Saharan Africa (2008, background): “Diao and Yanoma (2003) show that growth in the agricultural sector is constrained by high marketing costs, which largely reflect poor transport (as well as other infrastructure) facilities. Estache and Vagliasindi (2007) argue that an insufficient power generation capacity limits growth in Ghana.”
Investigating geography and institutions as determinants of foreign direct investment in Africa using panel data (2007, background): “…government, corruption in government and quality of bureaucracy.12 Acemoglu et al. (2001) uses settler 7 They found that there is no statistically significant relationship between growth and investment in Africa once an outlier country such as Botswana is excluded (Devarajan et al., 2003, p. 547).”