The recognition that the African continent’s infrastructure gap still remains a development challenge has reached consensus among the international development community and African governments alike. Not only is Africa’s level of endowment low, but the continent also faces higher access costs for all infrastructure services compared with other developing regions around the world. When all […]
infrastructure development
Posted inBusiness, News/Politics
The importance of public spending
The existence of long-term growth effects from public spending is hardly contested in policy discussions. Growth literature that has emerged over the last 20 years supports the belief that public spending affects long-term growth. First, standard growth models explaining total output level as a function of factor inputs (capital and labour), as well as the […]