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Author : United Nations Publications
Release :
Genre :
Kind : eBook
Book Rating : 732/5 ( reviews)
Book Synopsis Reviving Private Investment in Africa by : United Nations Publications
Download or read book Reviving Private Investment in Africa written by United Nations Publications. This book was released on . Available in PDF, EPUB and Kindle. Book excerpt:
Author : United Nations. Economic Commission for Africa
Release : 1995
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Reviving Private Investment in Africa by : United Nations. Economic Commission for Africa
Download or read book Reviving Private Investment in Africa written by United Nations. Economic Commission for Africa. This book was released on 1995. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Release : 1910
Genre :
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Structural Adjustment and Private Investment in Africa by :
Download or read book Structural Adjustment and Private Investment in Africa written by . This book was released on 1910. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the effect of structural adjustment programmes on private investment in Sub-Saharan Africa. The impact of the three main components of structural adjustment--macroeconomic adjustment, sectoral reforms, and institutional adjustment--on factors that affect private investment, and hence on private investment is delineated theoretically and investigated empirically. The study deals with the effect of restrictive fiscal and monetary policies, and devaluation on investment, the relationship between public and private investment, the importance of credit availability for capital formation, the effect of external debt on investment decisions, and the impact of privatization and deregulation on private investment. The econometric investigation specifies an investment model that takes into account the structural characteristics of developing countries. Data on four African countries--Kenya, Malawi, Mauritius, and Zimbabwe--for the period of 1970-92 is used for the econometric analysis. The equations are estimated by the method of ordinary least square for the four countries separately, as well as using pooled cross-section time series approach. A dummy variable is used to take into account the structural break that may have occurred due to the debt crisis and structural adjustment programmes after 1982. The results show that structural adjustment has failed to revive private investment in Africa. The results on the relationship between many of the economic variables included in the study and private investment tend to be weak. The discussion on the institutional adjustment and its impact on private investment shows that the reforms do not seem to have succeeded in encouraging African entrepreneurship or attracting foreign direct investment.
Author : Michel Kerf
Release : 1996-01-01
Genre : Political Science
Kind : eBook
Book Rating : 448/5 ( reviews)
Book Synopsis Privatizing Africa's Infrastructure by : Michel Kerf
Download or read book Privatizing Africa's Infrastructure written by Michel Kerf. This book was released on 1996-01-01. Available in PDF, EPUB and Kindle. Book excerpt: This paper examines the promise and challenge of infrastructure privatization in sub-Saharan Africa, with particular emphasis on power, telecommunications, water, rail, ports and airports. The paper places primary emphasis on mobilizing private investment in infrastructure. To realize the potential of infrastructure privatization in sub-Saharan Africa, four main challenges must be addressed: a) concerns over market size, affordability and payment risks; b) establishing adequate legal and regulatory frameworks; c) dealing with non commercial risks; and d) mobilizing local finance. The paper examines these four areas and gives elements of a future strategy for the World Bank Group.
Author : Howard Pack, Shantayanan Devarajan, William Russell Easterly
Release : 2001
Genre : Africa
Kind : eBook
Book Rating : /5 ( reviews)
Book Synopsis Is Investment in Africa Too Low or Too High? Macro and Micro Evidence by : Howard Pack, Shantayanan Devarajan, William Russell Easterly
Download or read book Is Investment in Africa Too Low or Too High? Macro and Micro Evidence written by Howard Pack, Shantayanan Devarajan, William Russell Easterly. This book was released on 2001. Available in PDF, EPUB and Kindle. Book excerpt: Many analysts decry the level of investment in Africa, saying it is too low. But there is no evidence, in cross-country data or in microeconomic data from Tanzania, that private and public capital is productive in Africa. In that sense, investment in Africa may be viewed as too high.
