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| Field |
Value |
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| Title |
Economic complexity to boost the selected sub-Saharan African economies
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| Creator |
Ncanywa, Thobeka
Mongale, Itumeleng P.
Ralarala, Ombeswa
Letsoalo, Thabiso E.
Molele, Brian S.
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| Subject |
economic complexity; inequality; panel auto-regressive distributive lag; sub-Saharan Africa; GINI; exports
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| Description |
Orientation: Economic complexity is a measure of productive capabilities indirectly by looking at the mix of sophisticated products that countries export. The economic complexity index proposed a proxy for diversity and ubiquity of products in the export basket.Research purpose: This study seeks to determine if economic complexity can influence the inequality measured by the Gini index in some selected sub-Saharan African countries.Motivation for the study: The need for the study emanates from the notion that that economic complexity can reduce income inequality hence it is imperative to investigate this relationship in the sub-Saharan African region where most countries produce few sophisticated goods that are also labour-intensive. Inadequate literature within the African continent has also contributed to the formulation of this study.Research approach/design and method: This study employed the autoregressive distribution lag (ARDL) model to analyze a panel data set, which includes eight sub-Saharan African countries for the period 1994–2017.Main findings: We found that economic complexity can reduce income disparities.Practical/managerial implications: Sub-Saharan African countries should shift their productive capabilities and resources from primary to sophisticated products in the manufacturing and services sector to increase economic complexity and reduce inequality.Contribution/value-add: The study makes an important contribution to the debate about the relationship between economic complexity and income inequality in the sub-Saharan African context and it is envisaged that it will inform the actions of the decision-makers to drive future productivity and prosperity in the region.
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| Publisher |
AOSIS
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| Contributor |
—
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| Date |
2021-05-13
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| Type |
info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
—
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| Format |
text/html
application/epub+zip
text/xml
application/pdf
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| Identifier |
10.4102/jef.v14i1.567
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| Source |
Journal of Economic and Financial Sciences; Vol 14, No 1 (2021); 8 pages
2312-2803
1995-7076
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| Language |
eng
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| Relation |
https://jefjournal.org.za/index.php/jef/article/view/567/1236
https://jefjournal.org.za/index.php/jef/article/view/567/1235
https://jefjournal.org.za/index.php/jef/article/view/567/1237
https://jefjournal.org.za/index.php/jef/article/view/567/1234
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| Rights |
Copyright (c) 2021 Thobeka Ncanywa, Itumeleng P. Mongale, Ombeswa Ralarala, Thabiso E. Letsoalo, Brian S. Molele
https://creativecommons.org/licenses/by/4.0
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