Economic complexity to boost the selected sub-Saharan African economies
Journal of Economic and Financial Sciences
| Field | Value | |
| Title | Economic complexity to boost the selected sub-Saharan African economies | |
| Creator | Ncanywa, Thobeka Mongale, Itumeleng P. Ralarala, Ombeswa Letsoalo, Thabiso E. Molele, Brian S. | |
| 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. | |
| Publisher | AOSIS | |
| Date | 2021-05-13 | |
| Identifier | 10.4102/jef.v14i1.567 | |
| Source | Journal of Economic and Financial Sciences; Vol 14, No 1 (2021); 8 pages 2312-2803 1995-7076 | |
| Language | eng | |
| Relation |
The following web links (URLs) may trigger a file download or direct you to an alternative webpage to gain access to a publication file format of the published article:
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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