STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA.
Abstract
Structural transformation is about increase in the contributions of non-agricultural sectors to the overall growth of an economy and a transition from low to high productivity. Evidence shows that it has led to increase in productivity of industrial and service sectors. However, the agrarian scenery of Common Market in Eastern and Southern Africa has only enhanced growth, the growth has not optimally translated to sustainable development. This study argues that there is a link between structural transformation and sustainable development. Theoretically, it leans on Prebisch-Singer hypothesis and employs system generalized method of moments estimation technique for the analysis between 2005 and 2016. Its empirical findings show that the poor performance of the manufacturing sector is caused by weak institutional settings in the region. It also reveals the indispensability of transformation of production patterns and investment in technology via modern infrastructure so as to create more jobs and improve living standards in the region.
Keywords
References
- Modinat O. Olusoji (PhD) Centre for Management Development Lagos, Nigeria Email:olusojincema@yahoo.com
- Lukman Oladele Oderinde (PhD) Department of Economics Anchor University, Lagos. Lagos State Nigeria E-mail: oladeleloderinde@yahoo.com
Details
Primary Language
English
Subjects
Economics
Journal Section
Research Article
Authors
Publication Date
December 30, 2020
Submission Date
August 18, 2020
Acceptance Date
August 19, 2020
Published in Issue
Year 2020 Volume: 5 Number: 2
APA
Odeleye, A. (2020). STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA. Aydın İktisat Fakültesi Dergisi, 5(2), 1-13. https://izlik.org/JA35WA92NM
AMA
1.Odeleye A. STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA. AİFD. 2020;5(2):1-13. https://izlik.org/JA35WA92NM
Chicago
Odeleye, Anthonia. 2020. “STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA”. Aydın İktisat Fakültesi Dergisi 5 (2): 1-13. https://izlik.org/JA35WA92NM.
EndNote
Odeleye A (December 1, 2020) STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA. Aydın İktisat Fakültesi Dergisi 5 2 1–13.
IEEE
[1]A. Odeleye, “STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA”., AİFD, vol. 5, no. 2, pp. 1–13, Dec. 2020, [Online]. Available: https://izlik.org/JA35WA92NM
ISNAD
Odeleye, Anthonia. “STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA”. Aydın İktisat Fakültesi Dergisi 5/2 (December 1, 2020): 1-13. https://izlik.org/JA35WA92NM.
JAMA
1.Odeleye A. STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA. AİFD. 2020;5:1–13.
MLA
Odeleye, Anthonia. “STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA”. Aydın İktisat Fakültesi Dergisi, vol. 5, no. 2, Dec. 2020, pp. 1-13, https://izlik.org/JA35WA92NM.
Vancouver
1.Anthonia Odeleye. STRUCTURAL TRANSFORMATION AND SUSTAINABLE DEVELOPMENT IN COMMON MARKET IN EASTERN AND SOUTHERN AFRICA. AİFD [Internet]. 2020 Dec. 1;5(2):1-13. Available from: https://izlik.org/JA35WA92NM