DOAJ Open Access 2020

Structural transformation in the presence of trade and financial integration in sub–Saharan Africa

Imhotep Paul Alagidede Muazu Ibrahim Yakubu Awudu Sare

Abstrak

This study examines the impact of trade and financial integration on structural transformation relying on data from 28 countries in sub-Saharan Africa (SSA) over the period 1985–2015. Results from our system generalized method of moments (GMM) show that, trade and financial integration significantly spur manufacturing and agricultural sector value additions. However, for the industrial sector, only financial integration robustly influences industrial growth with no effect on the service sector. Further evidence also suggests that trade and financial integration are complementary to each other and do not operate independently to influence structural transformation in SSA. Keywords: Trade integration, Financial integration, Sectoral value additions, Structural transformation

Topik & Kata Kunci

Finance Banking Economics as a science

Penulis (3)

Imhotep Paul Alagidede

Muazu Ibrahim

Yakubu Awudu Sare

Format Sitasi

APA MLA BibTeX

Alagidede, I.P., Ibrahim, M., Sare, Y.A. (2020). Structural transformation in the presence of trade and financial integration in sub–Saharan Africa. https://doi.org/10.1016/j.cbrev.2020.02.001

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Informasi Jurnal

Tahun Terbit: 2020
Sumber Database: DOAJ
DOI: 10.1016/j.cbrev.2020.02.001
Akses: Open Access ✓