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The Impact Of Technological Progress On The Real Sector In Sub-Saharan Africa

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  • AKINLO TAIWO

    (Department of Economics, Adeyemi Federal University of Education, Ondo, Nigeria)

Abstract

This study aimed to investigate the relationship between information technology and the real sector in sub-Saharan Africa during the period 1995–2019. The study proxied the real sector by industrial value-added, agriculture value-added and total factor productivity, while technological progress is proxied by fixed telephone, mobile phone and internet penetration. To achieve the objective of this study, dynamic models were estimated. The study found that the fixed telephone enhances industrial value-added and total factor productivity, while the mobile phone promotes all the proxies of the real sector. The study found that the internet does not contribute to industrial value-added or agriculture value-added, but it enhances total factor productivity. Sub-Saharan African countries can further benefit from technological advancement by providing infrastructure facilities.

Suggested Citation

  • Akinlo Taiwo, 2023. "The Impact Of Technological Progress On The Real Sector In Sub-Saharan Africa," Global Economy Journal (GEJ), World Scientific Publishing Co. Pte. Ltd., vol. 23(01n04), pages 1-25, December.
    • Handle: RePEc:wsi:gejxxx:v:23:y:2023:i:01n04:n:s2194565924500027
    DOI: 10.1142/S2194565924500027
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    More about this item

    Keywords

    Technological progress; real sector; panel data; sub-Saharan Africa; internet;
    All these keywords.

    JEL classification:

    • L80 - Industrial Organization - - Industry Studies: Services - - - General
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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