Capital Accumulation in Sub-Saharan Africa: Income-group and Sector Differences-super- †

Nihal Bayraktar and Hippolyte Fofack

Journal of African Economies, 2011, vol. 20, issue 4, 531-561

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. Copyright 2011 , Oxford University Press.

Date: 2011
References: Add references at CitEc
Citations: View citations in EconPapers (4)

Downloads: (external link)
http://hdl.handle.net/10.1093/jae/ejr013 (application/pdf)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:oup:jafrec:v:20:y:2011:i:4:p:531-561

Ordering information: This journal article can be ordered from
https://academic.oup.com/journals

Access Statistics for this article

Journal of African Economies is currently edited by Francis Teal

More articles in Journal of African Economies from Centre for the Study of African Economies Oxford University Press, Great Clarendon Street, Oxford OX2 6DP, UK. Contact information at EDIRC.
Bibliographic data for series maintained by Oxford University Press ().