Dynamics of Product Complexity in Africa:Structural Estimation Using Structuralists Model (original) (raw)
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African countries have achieved impressive growth performance during the recent years despite the multiple crises the western world is experiencing. However, this growth has not been inclusive for several reasons. It has been driven mainly by the extractive industry at the detriment of the industrial and manufacturing sectors. These sectors contribution has even stagnated during the last fifteen years to least than 10% of the continent's GDP. Because much of the efforts were put in the extractive industry, and the industrial sector including the manufacturing were neglected for long time, it has resulted that most African countries productive structure have remained weakly sophisticated and diversified. The productive structures have not benefited from the recent growth observed across the continent. Since Adam smith (1776), it is recognized that the level of wealth of a nation depends mainly on the lever of knowledge that the society holds. This is translated in the nation'...
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