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- W749271449 abstract "The paper provides the first systematic quantitative assessment of the importance for SubSaharan Africa’s growth of investment in the various infrastructure sub-sectors. Indeed, very little analytical evidence has been generated so far to demonstrate the relevance of the political enthusiasm for infrastructure in Africa. This paper relies on an augmented Solow growth model and on a recently updated World Bank indicators database to demonstrate the importance of infrastructure stocks for Africa. It provides additional insights on the argued differences in the relative importance for the effectiveness of infrastructure activities of geography (coastal vs. landlocked countries) as well as of the legal tradition of the country (Anglophone vs. nonAnglophone countries). It concludes with a test of the growth effects of the adoption of infrastructure “privatization” policies. Throughout the empirical Section of the paper, the information generated by the models testing the importance of the various infrastructure subsectors is compared to the information generated by a Solow model accounting for human capital exclusively. * We have benefited from comments and suggestions from Ana Goicoechea, Jacques Morisset, Luis Serven, Lourdes Trujillo, Philippe Weil and Michel Wormser. Any mistake is however ours and should not be attributed to anyone else, in particular the institutions we are affiliated with." @default.
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- W749271449 date "2008-01-01" @default.
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- W749271449 title "How much does infrastructure matter to growth in Sub-Saharan Africa?" @default.
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