Private investment for structural transformation and growth in Africa : where do small and medium-sized enterprises stand?

View
Download
Published
2007-11Author(s)/Corporate Author (s)
Sackey, Harry A.;United Nations. Economic Commission for Africa;
Metadata
Show full item recordAbstract
This paper examines the relationship between private investment and structural transformation and growth in Africa with a special focus on small and medium-sized enterprises (SMEs). The results from the trend analysis show that private investment rates have increased modestly in recent times. At the same time per capita income growth has moved from negative to positive. The empirical growth and structural transformation models suggest private investment exerts a positive and statistically significance impact on per capita income growth, and the industry-to-agricultural output ratio.
Citation
“Sackey, Harry A.; United Nations. Economic Commission for Africa (2007-11). Private investment for structural transformation and growth in Africa : where do small and medium-sized enterprises stand?. Addis Ababa :. © UN. ECA,. https://hdl.handle.net/10855/3189”Collections
- Development Finance [1525]
- Economic Development [7753]
- Investment Policy [827]