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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Capital accumulation in sub-Saharan Africa: income-group and sector differences
Authors:Bayraktar, NihalISNI
Fofack, HippolyteISNI
Year:2011
Periodical:Journal of African Economies (ISSN 0963-8024)
Volume:20
Issue:4
Pages:531-561
Language:English
Geographic term:Subsaharan Africa
Subjects:capital formation
investments
income distribution
1980-1989
1990-1999
External link:https://jae.oxfordjournals.org/content/20/4/531.full.pdf
Abstract:This paper highlights heterogeneity in the process of capital accumulation across different countries by income group in Sub-Saharan Africa, and estimates empirical specifications of private capital in the primary, industry and service sectors. The results indicate a more rapid accumulation of capital in the relatively high-income group and a widening public-private capital accumulation gap in the region. The level of GDP per capita, quality of governance and public capital stock are found to influence private capital accumulation. Unexpectedly, financial variables do not appear to matter. App., bibliogr., notes, ref, sum. [Journal abstract]
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