Structural Transformation and Economic Growth in Africa: An Economic Complexity Approach(Pages 1946-1955)
Sara Labrar*, Lahboub Zouiri and Ibrahim Allali
Faculty of Law, Economics and Social Sciences Agdal, Mohammed V University, Rabat, Morocco.
Africa possesses potent structural factors that are significant for the successful structural transformation of its economy. However, the African manufacturing sector remains small compared those in other developing regions. This paper aims to tackle the issue of structural transformation in the African context through an analysis of the economic complexity concept. First, panel data regressions employing the random effects model have revealed a positive and significant empirical link between economic complexity and prospective economic growth. The importance of economic complexity for future growth led us to utilize an ordered Probit model. Our results showed that certain factors, such as R&D efforts, human capital via education, and government effectiveness, positively influence the likelihood of achieving an advanced complexity class.
Structural transformation, economic complexity, productive capacities, ordered Probit.
C23, L5, N67, O14.
How to Cite:
Sara Labrar, Lahboub Zouiri and Ibrahim Allali. Structural Transformation and Economic Growth in Africa: An Economic Complexity Approach. [ref]: vol.21.2023. available at: https://refpress.org/ref-vol21-a209/
Licensee REF Press This is an open access article licensed under the terms of the Creative Commons Attribution Non-Commercial License (http://creativecommons.org/licenses/by-nc/3.0/) which permits unrestricted, non-commercial use, distribution and reproduction in any medium, provided the work is properly cited.