Ethnic Rent-Seeking, Stability and Institutional Reform in Sub-Saharan Africa

Mwangi Kimenyi

Chapter 18 in The Political Dimension of Economic Growth, 1998, pp 324-334 from Palgrave Macmillan

Abstract: Abstract Empirical evidence shows a positive and statistically significant relationship between investment and output growth. Variations across countries in economic growth largely reflect differences in investment. Such variations crucially depend on the perceived risk of investment. Other things being equal, lower risk and higher present values, imply a higher level of investment. Thus, cross-country variations in investment rates, and therefore economic growth, reflect differences in the risk of investment.

Keywords: Ethnic Group; Interest Group; Political Instability; Political Stability; Gross National Product (search for similar items in EconPapers)
Date: 1998
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Persistent link: https://EconPapers.repec.org/RePEc:pal:intecp:978-1-349-26284-7_18

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DOI: 10.1007/978-1-349-26284-7_18

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