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Technological Progress And Economic Growth In Sub Saharan Africa
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Book Synopsis Technology Trap and Poverty Trap in Sub-saharan Africa by : Hippolyte Fofack
Download or read book Technology Trap and Poverty Trap in Sub-saharan Africa written by Hippolyte Fofack and published by World Bank Publications. This book was released on 2012 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the industrial revolution, advances in science and technology have continuously accounted for most of the growth and wealth accumulation in leading industrialized economies. In recent years, the contribution of technological progress to growth and welfare improvement has increased even further, especially with the globalization process which has been characterized by exponential growth in exports of manufactured goods. This paper establishes the existence of a technology trap in Sub-Saharan Africa. It shows that the widening income and welfare gap between Sub-Saharan Africa and the rest of world is largely accounted for by the technology trap responsible for the poverty trap. This result is supported by empirical evidence which suggests that if countries in Sub-Saharan Africa were using the same level of technology enjoyed by industrialized countries income levels in Sub-Saharan Africa would be significantly higher. The result is robust, even after controlling for institutional, macroeconomic instability and volatility factors. Consistent with standard one-sector neoclassical growth models, this suggests that uniform convergence to a worldwide technology frontier may lead to income convergence in the spherical space. Overcoming the technology trap in Sub-Saharan Africa may therefore be essential to achieving the Millennium Development Goals and evolving toward global convergence in the process of economic development.
Book Synopsis Technological Progress and Economic Growth in Sub-Saharan Africa by : Ficawoyi Donou-Adonsou
Download or read book Technological Progress and Economic Growth in Sub-Saharan Africa written by Ficawoyi Donou-Adonsou and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper investigates the impact of telecommunications infrastructure in Sub-Saharan Africa. We use the World Development Indicators database and apply the instrumental variable-generalized method of moments to a panel of 47 countries over the period 1993-2012. The results show that the Internet and mobile phones have contributed to economic growth. A one percentage point increase in Internet and mobile phone usage raises growth by 0.12 and 0.03 percentage points, respectively. Overall, the results suggest that the development of telecommunications infrastructure fosters economic growth in Sub-Saharan Africa.With much room for potential growth enhancement of telecommunications infrastructure, policies to expand access or reduce cost should be strongly encouraged by African governments, particularly as far as the Internet is concerned.
Book Synopsis Growth in Sub-Saharan Africa by : Mr.Dhaneshwar Ghura
Download or read book Growth in Sub-Saharan Africa written by Mr.Dhaneshwar Ghura and published by International Monetary Fund. This book was released on 1995-12-01 with total page 32 pages. Available in PDF, EPUB and Kindle. Book excerpt: The paper investigates empirically the determinants of economic growth for a large sample of sub-Saharan African countries during 1981-92. The results indicate that (i) an increase in private investment has a relatively large positive impact on per capita growth; (ii) growth is stimulated by public policies that lower the budget deficit in relation to GDP (without reducing government investment), reduce the rate of inflation, maintain external competitiveness, promote structural reforms, encourage human capital development, and slow population growth; and (iii) convergence of per capita income occurs after controlling for human capital development and public policies.
Book Synopsis Technology Transfer and Economic Growth in Sub-Sahara African Countries by : Nathaniel O. Agola
Download or read book Technology Transfer and Economic Growth in Sub-Sahara African Countries written by Nathaniel O. Agola and published by Springer. This book was released on 2016-03-21 with total page 261 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a pragmatic analytical model grounded on the solid idea that technologies and the accompanying implementation efforts only make sense if they are successfully deployed in markets. The analytical model also provides an exhaustive analysis of all critical variables at the global, regional and national levels, which contribute to failure or success of technology transfer efforts. The model is validated by an incisive analysis of technology transfer experiences of Japan, Korea, Singapore, Taiwan (province of China), and Malaysia. While this book finds that these East Asian countries have had both diverging and converging models, and experiences with technology transfer, the enduring and fundamental aspects of technology transfer in specific industrial sectors and economic growth in these countries is then used to draw lessons for African countries. This book therefore is a timely and compelling piece of research work that provides valuable answers to the increasingly urgent question of how African countries can industrialize through technology transfer to meet their economic development and growth ideals.
Book Synopsis The Political Economy of Economic Performance by : Voxi Heinrich Amavilah
Download or read book The Political Economy of Economic Performance written by Voxi Heinrich Amavilah and published by Rowman & Littlefield. This book was released on 2020-05-28 with total page 147 pages. Available in PDF, EPUB and Kindle. Book excerpt: Extant research continues to perpetuate a myth of Sub-Saharan African countries (SSACs) as ever stuck in the past and with incurable growth maladies. However, during the years just before the great global recession some of these countries performed better than countries in other regions. What explains this turnaround? How can it be ignited everywhere in the region and made to stick? The Political Economy of Economic Performance is among a few competitors that celebrate the successes of the region and argue for the positive economics of performance of at least some countries. Organized around two themes which are pursued in six chapters, the book provides a comprehensive, balanced, and thorough analysis of the factors and forces behind the unusually good performance of SSACs just before the great global recession, and shows that there is a way forward for them. The book makes a significant contribution to both policy and research, because while its structure is scholarly and logical, with a writing style that is coherent and easily understandable to all interested readers worldwide.
Book Synopsis Technology Trap and Poverty Trap in Sub-Saharan Africa by : Hippolyte Fofack
Download or read book Technology Trap and Poverty Trap in Sub-Saharan Africa written by Hippolyte Fofack and published by . This book was released on 2016 with total page 34 pages. Available in PDF, EPUB and Kindle. Book excerpt: Since the industrial revolution, advances in science and technology have continuously accounted for most of the growth and wealth accumulation in leading industrialized economies. In recent years, the contribution of technological progress to growth and welfare improvement has increased even further, especially with the globalization process which has been characterized by exponential growth in exports of manufactured goods. This paper establishes the existence of a technology trap in Sub-Saharan Africa. It shows that the widening income and welfare gap between Sub-Saharan Africa and the rest of world is largely accounted for by the technology trap responsible for the poverty trap. This result is supported by empirical evidence which suggests that if countries in Sub-Saharan Africa were using the same level of technology enjoyed by industrialized countries income levels in Sub-Saharan Africa would be significantly higher. The result is robust, even after controlling for institutional, macroeconomic instability and volatility factors. Consistent with standard one-sector neoclassical growth models, this suggests that uniform convergence to a worldwide technology frontier may lead to income convergence in the spherical space. Overcoming the technology trap in Sub-Saharan Africa may therefore be essential to achieving the Millennium Development Goals and evolving toward global convergence in the process of economic development.
Book Synopsis Learning to Compete in African Industry by : Banji Oyelaran-Oyeyinka
Download or read book Learning to Compete in African Industry written by Banji Oyelaran-Oyeyinka and published by Routledge. This book was released on 2017-11-28 with total page 264 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book examines the institutional roots of the persistent differences in economic performance of firms, industries and countries in Africa. It draws attention to the role of institutions in supporting technical change and shows how technological progress is central to competitiveness in a global context. The role of initial conditions such as levels of literacy and natural endowment, the structure of industry and resource endowment are also emphasized. With its focus on how institutions shape systems of innovation this book makes a unique contribution to the debate about African development.
Book Synopsis The Future of Work in Sub-Saharan Africa by : Aidar Abdychev
Download or read book The Future of Work in Sub-Saharan Africa written by Aidar Abdychev and published by International Monetary Fund. This book was released on 2018-12-17 with total page 59 pages. Available in PDF, EPUB and Kindle. Book excerpt: Far-reaching changes in technology, climate, and global economic integration are transforming the world of work in ways that we do not yet fully understand. Will the swift technological advances of the Fourth Industrial Revolution raise the standards of living for everyone? Or will robots massively displace workers leading to a jobless future where only a few benefit from the fruits of innovation? Will mitigation efforts be able to cushion the adverse effects of climate change, including food shortages and mass migration, which would place extra pressure on urban labor markets? Will countries continue to integrate commercially and financially, fostering growth and employment? Or will trade wars become a norm in a world increasingly fragmented and inward-looking? In sub-Saharan Africa, these uncertainties meet a dramatic increase in population and a rapid expansion in the labor force, which is becoming increasingly urban.
Book Synopsis Institutions, Technology and Development in Africa by : Jeffrey James
Download or read book Institutions, Technology and Development in Africa written by Jeffrey James and published by Routledge. This book was released on 2018-12-07 with total page 142 pages. Available in PDF, EPUB and Kindle. Book excerpt: An extensive literature has demonstrated that technologies in sub-Saharan Africa are largely inappropriate: that is, that they are typically capital- and import-intensive rather than labour- and local input-intensive. These technologies have created a pattern of development that is highly unequal, with widespread unemployment and under-employment. In this literature, however, relatively little attention has been paid to the institutions that govern the generation, adoption and use of technology. This book draws on historical analysis and case studies to evaluate how institutions in different countries, including those in Africa itself, generate technologies that vary in their characteristics and suitability for the region. Through these case studies, insight is gained into the characteristics of ‘appropriate’ institutions that might underlie a more balanced pattern of technology and development than currently exists. The findings of the book clearly confirm a major tenet of institutionalist theory: namely, that institutions developed in one set of circumstances are unlikely to be appropriate to conditions in a markedly different set. This book will be of interest to economists, social historians and anyone with an interest in modern African development.
Book Synopsis Industrialization in Sub Saharan Africa. Challenges and Opportunities by :
Download or read book Industrialization in Sub Saharan Africa. Challenges and Opportunities written by and published by GRIN Verlag. This book was released on 2018-11-12 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: Seminar paper from the year 2018 in the subject Politics - Topic: Globalization, Political Economics, grade: 1,0, Leuphana Universität Lüneburg, language: English, abstract: The main question that is supposed to be answered in this paper is: does Africa need Industrial policy for (sustainable) economic development? How are these policies supposed to look like and what are the preconditions to achieve them? To be able to find solutions for these interrelated questions, they have to be embedded in a broader context. First, a short introduction into the history of Africa’s economic development, with regard to (de)industrialization, is being given. To understand why industrial policy might be of importance, one also has to look into the relationship between structural transformation and the chances of economic growth. This paper is aiming to give an overview about the reasons why Africa (mostly Sub-Saharan Africa) has missed industrialization, how structural transformation can lead to (sustainable) economic development and growth and which chances and challenges African countries face as late-industrializers in a world with high levels of globalization. The first part is meant to give a short introduction into the economic development and (de-)industrialization of modern post-colonial Africa. This is important as the current economic situation can only be fully understood by looking at what has happened in the past. The second part is giving theoretical input about structural transformation and the role of industrial policies – discussing its scientific background of pros and cons.
Book Synopsis FinTech in Sub-Saharan African Countries by : Mr.Amadou N Sy
Download or read book FinTech in Sub-Saharan African Countries written by Mr.Amadou N Sy and published by International Monetary Fund. This book was released on 2019-02-14 with total page 61 pages. Available in PDF, EPUB and Kindle. Book excerpt: FinTech is a major force shaping the structure of the financial industry in sub-Saharan Africa. New technologies are being developed and implemented in sub-Saharan Africa with the potential to change the competitive landscape in the financial industry. While it raises concerns on the emergence of vulnerabilities, FinTech challenges traditional structures and creates efficiency gains by opening up the financial services value chain. Today, FinTech is emerging as a technological enabler in the region, improving financial inclusion and serving as a catalyst for the emergence of innovations in other sectors, such as agriculture and infrastructure.
Book Synopsis Boosting Productivity in Sub-Saharan Africa by : Cesar Calderon
Download or read book Boosting Productivity in Sub-Saharan Africa written by Cesar Calderon and published by World Bank Publications. This book was released on 2021-12-17 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth in the Sub-Saharan Africa region has been plagued by a series of shocks—wars, political instability, natural disasters, epidemics, terms-of-trade deterioration, and sudden stops in capital inflows—that have had lingering effects on productivity and growth. Within the overall productivity gap of the region are substantial differences across the sectors of economic activity and production units. Boosting Productivity in Sub-Saharan Africa: Policies and Institutions to Promote Efficiency documents the productivity trends in Sub-Saharan Africa in three different dimensions, assessing productivity at the aggregate level, the sectoral level, and the establishment level. It characterizes the evolution of productivity in the region relative to other countries and regions, as well as country groups in Africa, classified by their degree of natural resource abundance and condition of fragility. The volume suggests that the persistence of the productivity gap in Africa vis-à -vis the technological frontier can be attributed to the slow accumulation of physical and human capital relative to the region’s growing population, as well as the poor allocation of these resources. These allocative inefficiencies are the outcome of policies and institutions that introduce distortions in the decision-making process of individuals. Hence, the volume assesses the implications of production decisions across agricultural farms and manufacturing firms. It presents evidence on aggregate productivity from the perspective of production units, using recent household surveys for farmers and firm-level surveys for select countries, as well as frontier estimation techniques. It documents the extent of severe resource misallocation across agricultural and manufacturing production units. These distortions decelerate the growth of the production units, disincentivize their adoption of productivity-enhancing technologies, and reduce the ability of their peers to learn new techniques. Boosting Productivity in Sub-Saharan Africa highlights the adoption of digital technologies to reduce some of these market frictions. Mobile money has increased financial inclusion in several countries, and digital financial technologies have given individuals access to savings instruments and loan products. Enhancing access to credit can help individuals invest in schooling and overcome the costs of formality. The volume discusses further avenues of research that may provide additional insights on the productivity dynamics across countries in the region, and it identifies the different channels of policy transmission to enhance productivity. The empirical work presented can help to guide the design of policy in the region.
Book Synopsis Innovation and the Development Agenda by : OECD
Download or read book Innovation and the Development Agenda written by OECD and published by OECD Publishing. This book was released on 2010-08-12 with total page 155 pages. Available in PDF, EPUB and Kindle. Book excerpt: Innovation drives long-term economic growth. This book examines the role of innovation in developing countries, with a focus on Africa.
Book Synopsis Root Causes of the Food Crisis by : Guy Blaise Nkamleu
Download or read book Root Causes of the Food Crisis written by Guy Blaise Nkamleu and published by Nova Science Pub Incorporated. This book was released on 2013-01-01 with total page 149 pages. Available in PDF, EPUB and Kindle. Book excerpt: During the past decades, the performance of the agricultural sector in Africa and particularly in sub-Saharan Africa (SSA) has been distressing. Rapid annual population growth has led to declining per-capita food production and consumption levels and incomes have not risen fast enough to permit market imports to offset the decline. More alarming, the prognosis for the immediate future is quite bleak. The recent food crisis has again drawn attention to the African tragedy and exposed the fragility of sub-Saharan agricultural and economic progress. Though some of the effects are no longer visible, the food crisis is still a sword of Damocles hanging over Africas head. Africa has experienced food crisis in the past and there is no reason to believe that there will be no more food crisis in the future, for its root causes have not been addressed: technological progress and productivity growth. This book explores the missing links in the technology transfer segment of the innovation-diffusion-utilisation complex. The text also critically reviews the current state of knowledge and research, examines the main drivers of technology adoption in African agriculture, and explores the causes of success and failure in technology dissemination.
Book Synopsis The Role of Endogenous Technology in Making Sustained Economic Growth in Sub-Saharan Africa by : Urgaia Rissa Worku
Download or read book The Role of Endogenous Technology in Making Sustained Economic Growth in Sub-Saharan Africa written by Urgaia Rissa Worku and published by . This book was released on 2022 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: This study examines the role of endogenous technology in making sustained economic growth in a panel of 36 Sub-Saharan Africa (SSA) countries over the period 1990-2020. Based on the data originally obtained from the United Nations aggregate database, World Bank development indicators and International Monetary Fund economic outlook, we derive growth rates of total physical capital (TPC), total employment productivity (TEP), total foreign direct investment inflows (TFDIIN), total factor productivity (TFP) and terms of trade (TOT) using various concepts. As the main determinants among others, dealing with the role of TFP and TEP in economic growth; the skills, knowledge and innovation that people accumulate domestically are the greatest economic resources which could bring a better living standard in the framework of the 2030 Agenda for Sustainable Development Goals. In this sense, the panel of short-run vector error correction model (VECM) and panel of long-run generalized method of moments (GMM) are applied and the estimation results are obtained. The empirical results reveal that there are significantly positive impacts of the growth rates of TFP, TEP and terms of trade (TOT) on real GDP growth rate in the long -run.
Book Synopsis Africa's Information Revolution by : James T. Murphy
Download or read book Africa's Information Revolution written by James T. Murphy and published by John Wiley & Sons. This book was released on 2015-04-20 with total page 279 pages. Available in PDF, EPUB and Kindle. Book excerpt: Africa’s Information Revolution was recently announced as the 2016 prizewinner of the Royal Academy for Overseas Sciences - congratulations to the authors James T. Murphy and Padraig Carmody! Africa’s Information Revolution presents an in-depth examination of the development and economic geographies accompanying the rapid diffusion of new ICTs in Sub-Saharan Africa. Represents the first book-length comparative case study ICT diffusion in Africa of its kind Confronts current information and communication technologies for development (ICT4D) discourse by providing a counter to largely optimistic mainstream perspectives on Africa’s prospects for m- and e-development Features comparative research based on more than 200 interviews with firms from a manufacturing and service industry in Tanzania and South Africa Raises key insights regarding the structural challenges facing Africa even in the context of the continent’s recent economic growth spurt Combines perspectives from economic and development geography and science and technology studies to demonstrate the power of integrated conceptual-theoretical frameworks Include maps, photos, diagrams and tables to highlight the concepts, field research settings, and key findings
Download or read book Accelerating Catch-up written by and published by World Bank Publications. This book was released on 2009 with total page 214 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book lays out a rationale, provides supporting evidence, and suggests promising pathways for Sub-Saharan Africa to sustain current economic growth by aligning its tertiary education systems with national economic strategies and labor market needs.
