IDEAS home Printed from https://ideas.repec.org/a/oup/jafrec/v10y2001isuppl_2p48-80..html
   My bibliography  Save this article

Determinants of African Manufacturing Investment: the Microeconomic Evidence

Author

Listed:
  • Jan Willem Gunning
  • Taye Mengistae

Abstract

In this survey paper we consider the microeconomic evidence on investment in African manufacturing. We analyse both the determinants of investment behaviour and the return to that investment. In the 1990s market selection — the process by which the capital stock is reallocated in favour of more efficient firms — has been as strong in Africa as elsewhere. While the macroeconomic literature has focused on low returns to investment as an explanation for Africa's poor growth performance, the micro‐data indicate high potential returns. However, investment rates remain quite low, presumably as a result of risk, but the surveys currently available are not suitable for testing this.

Suggested Citation

  • Jan Willem Gunning & Taye Mengistae, 2001. "Determinants of African Manufacturing Investment: the Microeconomic Evidence," Journal of African Economies, Centre for the Study of African Economies, vol. 10(suppl_2), pages 48-80.
    • Handle: RePEc:oup:jafrec:v:10:y:2001:i:suppl_2:p:48-80.
    as

    Download full text from publisher

    File URL: http://hdl.handle.net/10.1093/jae/10.Suppl2.48
    Download Restriction: Access to full text is restricted to subscribers.
    ---><---

    As the access to this document is restricted, you may want to search for a different version of it.

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:oup:jafrec:v:10:y:2001:i:suppl_2:p:48-80.. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Oxford University Press (email available below). General contact details of provider: https://edirc.repec.org/data/csaoxuk.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.