Financing tech-driven industrialization in Africa: Resource wealth, financial structure and the rise of medium- and high-tech manufacturing

Basit Öğe Kaydı
dc.authoridhttps://orcid.org/0000-0003-4948-6905
dc.contributor.authorAjmi, Ahdi Noomen
dc.contributor.authorBekun, Festus Victor
dc.contributor.authorNwani, Chinazaekpere
dc.contributor.authorAshraf, Nadia
dc.date.accessioned2025-05-26T09:03:07Z
dc.date.available2025-05-26T09:03:07Z
dc.date.issued2024
dc.departmentİktisadi İdari ve Sosyal Bilimler Fakültesi
dc.description.abstractThis study examines the roles of natural resource wealth and financial structure in driving industrial diversification into medium- and high-tech manufacturing (TM) via a panel dataset consisting of 24 African countries from 1991 to 2021. By utilizing the method of moments approach to quantile regression and the HPJ Wald-type Granger non-causality test, this study provides insights pertinent to achieving sustainable development goal 9.B. The results reveal a U-shaped relationship between per capita GDP and TM, where early stages of economic growth hinder industrial diversification, but higher growth levels stimulate tech-driven industrialization. The study confirms that combined income from energy, minerals, and forest wealth negatively affects TM, particularly in less industrially diversified economies, thus supporting the resource curse hypothesis. Financial structure plays a crucial role; market-based systems foster TM, whereas institution-led financial development tends to impede it. The Granger non-causality tests reveal unidirectional causality from natural resource wealth, institution-led financial development, and market-based financial development to TM, with bidirectional causality between per capita GDP and TM. To fully leverage these findings, African economies should prioritize the development of robust financial markets, implement comprehensive banking reforms, and strategically invest resource revenues in technology-driven sectors.
dc.identifier.doi10.1177/0958305X241304043
dc.identifier.issn0958-305X
dc.identifier.issn2048-4070
dc.identifier.urihttps://hdl.handle.net/11363/9819
dc.identifier.wos001389572000001
dc.identifier.wosqualityQ2
dc.indekslendigikaynakWeb of Science
dc.institutionauthorBekun, Festus Victor
dc.language.isoen
dc.publisherSAGE PUBLICATIONS LTD, 1 OLIVERS YARD, 55 CITY ROAD, LONDON EC1Y 1SP, ENGLAND
dc.relation.ispartofENERGY & ENVIRONMENT
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanı
dc.rightsinfo:eu-repo/semantics/closedAccess
dc.subjectRents
dc.subjectfinancial markets
dc.subjectfinancial institutions
dc.subjecttechnology industries
dc.subjectindustrial diversification
dc.titleFinancing tech-driven industrialization in Africa: Resource wealth, financial structure and the rise of medium- and high-tech manufacturing
dc.typeArticle

Dosyalar

Lisans paketi
Listeleniyor 1 - 1 / 1
[ N/A ]
İsim:
license.txt
Boyut:
1.17 KB
Biçim:
Item-specific license agreed upon to submission
Açıklama:
İndir

Koleksiyon

Web of Science ve Scopus Atıf Dizinlerindeki Yayınlar
WoS İndeksli Yayınlar Koleksiyonu