Level of Income and the Investment Development Path Theory: Evidence From Africa

The investment development path theory delineates countries in stages I, II, III, IV, and V according to the level of development as developing, transition, and developed countries. The World Bank’s classification of countries by income, however, identifies countries as lower-income, lower-middle-in...

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Autores principales:	Justice G. Djokoto, Paragon Pomeyie
Formato:	article
Lenguaje:	EN
Publicado:	SAGE Publishing 2021
Materias:	History of scholarship and learning. The humanities AZ20-999 Social Sciences H
Acceso en línea:	https://doaj.org/article/b773658fc8f943b7af98226c4c0df9f1
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spelling	oai:doaj.org-article:b773658fc8f943b7af98226c4c0df9f12021-12-02T02:33:45ZLevel of Income and the Investment Development Path Theory: Evidence From Africa2158-244010.1177/21582440211061334https://doaj.org/article/b773658fc8f943b7af98226c4c0df9f12021-11-01T00:00:00Zhttps://doi.org/10.1177/21582440211061334https://doaj.org/toc/2158-2440The investment development path theory delineates countries in stages I, II, III, IV, and V according to the level of development as developing, transition, and developed countries. The World Bank’s classification of countries by income, however, identifies countries as lower-income, lower-middle-income, upper-middle-income, and high income. In this paper, we test the investment development path theory for countries based on the level of income using data from 1980 to 2019. Africa offers unique data as it is the only continent made up of entirely developing countries together with countries that fit into all four classifications based on income. Income level classifications appear to enhance the position of countries within the investment development path ahead of that based on the United Nations classification. The use of income classification should complement that of the United Nations in the empirical testing of the investment development path theory for a more current investment development path status.Justice G. DjokotoParagon PomeyieSAGE PublishingarticleHistory of scholarship and learning. The humanitiesAZ20-999Social SciencesHENSAGE Open, Vol 11 (2021)
institution	DOAJ
collection	DOAJ
language	EN
topic	History of scholarship and learning. The humanities AZ20-999 Social Sciences H
spellingShingle	History of scholarship and learning. The humanities AZ20-999 Social Sciences H Justice G. Djokoto Paragon Pomeyie Level of Income and the Investment Development Path Theory: Evidence From Africa
description	The investment development path theory delineates countries in stages I, II, III, IV, and V according to the level of development as developing, transition, and developed countries. The World Bank’s classification of countries by income, however, identifies countries as lower-income, lower-middle-income, upper-middle-income, and high income. In this paper, we test the investment development path theory for countries based on the level of income using data from 1980 to 2019. Africa offers unique data as it is the only continent made up of entirely developing countries together with countries that fit into all four classifications based on income. Income level classifications appear to enhance the position of countries within the investment development path ahead of that based on the United Nations classification. The use of income classification should complement that of the United Nations in the empirical testing of the investment development path theory for a more current investment development path status.
format	article
author	Justice G. Djokoto Paragon Pomeyie
author_facet	Justice G. Djokoto Paragon Pomeyie
author_sort	Justice G. Djokoto
title	Level of Income and the Investment Development Path Theory: Evidence From Africa
title_short	Level of Income and the Investment Development Path Theory: Evidence From Africa
title_full	Level of Income and the Investment Development Path Theory: Evidence From Africa
title_fullStr	Level of Income and the Investment Development Path Theory: Evidence From Africa
title_full_unstemmed	Level of Income and the Investment Development Path Theory: Evidence From Africa
title_sort	level of income and the investment development path theory: evidence from africa
publisher	SAGE Publishing
publishDate	2021
url	https://doaj.org/article/b773658fc8f943b7af98226c4c0df9f1
work_keys_str_mv	AT justicegdjokoto levelofincomeandtheinvestmentdevelopmentpaththeoryevidencefromafrica AT paragonpomeyie levelofincomeandtheinvestmentdevelopmentpaththeoryevidencefromafrica
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Level of Income and the Investment Development Path Theory: Evidence From Africa

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