Publication
Title
Returns on investments during the colonial era: the case of the Belgian Congo
Author
Abstract
Before the First World War, Belgium participated in a global wave of foreign direct investment. After the war, a shift towards the Belgian colony of the Congo was observed. With regard to these investments, it is commonly argued that higher (expected) profit rates were a strong incentive, although others propose that the colonial powers lost money on their colonial possessions. We measure ex post performance in terms of the time-weighted rate of return by making use of a new database of Congolese stocks and compare the Congolese data with a Belgian sample. Returns on Congolese stocks were much higher, at least until country risk became a reality.
Language
English
Source (journal)
The economic history review. - London
Publication
London : 2009
ISSN
0013-0117 [print]
1468-0289 [online]
Volume/pages
62:S:1(2009), p. 135-166
ISI
000267831100007
Full text (Publisher's DOI)
Full text (publisher's version - intranet only)
UAntwerpen
Faculty/Department
Research group
Publication type
Subject
Affiliation
Publications with a UAntwerp address
External links
Web of Science
Record
Identification
Creation 28.07.2009
Last edited 24.11.2017
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