During the Scramble for Africa, European colonization relied on private concessionary companies that established distinctive institutional frameworks. This paper provides new empirical evidence suggesting that colonial corporate governance produced divergent long-run development...
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JEL Code: R11
Urban, Rural, Regional, Real Estate, and Transportation Economics → General Regional Economics → Regional Economic Activity: Growth, Development, Environmental Issues, and Changes
Do infrastructure investments have the potential to transform Africa’s economic geography? Today, Africa suffers a massive infrastructure deficit (Calderón and Servén 2010). The World Bank estimates that sub-Saharan Africa has fewer than...
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