Structural Convergence between African Countries: Empirical Evidence

نویسندگان

چکیده

This paper aims to investigate structural convergence in selected African countries over the period 1994-2019. Using panel data for 48 and several estimation methods [Panel-Corrected Standard Errors (PCSE), Feasible Generalized Least Squares (FGLS), tobit model, instrumental variable, Granger non-causality], results show existence of phenomenon sectoral Africa, i.e. a greater similarity structures while income gaps are narrowing. The also highlights service sector's low relative productivity level industrial labor force attractiveness despite significant shift from agricultural sector higher respectively. To address this issue, development acquisition human physical capital would be necessary develop increase productivity.

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ژورنال

عنوان ژورنال: Journal of World Economy: Transformations & Transitions

سال: 2022

ISSN: ['2792-3851']

DOI: https://doi.org/10.52459/jowett13130122