Abstract
In many contexts extra investment is seen as socially more desirable than extra consumption, while private investment is seen as more productive than public investment. Since private investment has invariably been very scarce in socialist Africa, it is therefore increasingly becoming a natural objective of government policy. This paper argues that the private investment response is likely to be highly policy-dependent, and that in many circumstances it will be socially sub-optimal.
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© 1999 Centre for the Study of African Economies
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Collier, P., Gunning, J.W. (1999). The Impact of Liberalisation on Private Investment. In: Paulson, J.A. (eds) African Economies in Transition. Studies on the African Economies. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-27480-2_6
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DOI: https://doi.org/10.1007/978-1-349-27480-2_6
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-27482-6
Online ISBN: 978-1-349-27480-2
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