Lack of private investment is a serious policy problem in many developing countries, especially in Africa. Despite recent structural reform and stabilization, the investment response to date has been mixed, even among the strongest reformers. The role of poor infrastructure and deficient public services has received little attention in the economic literature, where the effect of public spending and investment on growth is shown to be at best ambiguous...
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INFORMATION
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1999/12/31
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Document de travail de recherche sur les politiques
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WPS2262
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1
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1
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2010/07/01
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How inadequate provision of public infrastructure and services affects private investment
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public capital
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