It is a well-known fact that one of the most important determinants of growth is private investment. But in the developing country context of widespread poverty, the effects of initial conditions on the process of capital accumulation have seldom been investigated. This paper highlights heterogeneity in the process of capital accumulation across different countries in Sub-Saharan Africa, and derives a formal specification of investment functions in...
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INFORMATION
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2007/03/01
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Document de travail de recherche sur les politiques
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WPS4171
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1
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1
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2010/07/01
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Disclosed
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Specification of investment functions in Sub-Saharan Africa
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private investment
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