Preliminary communication
THE FOURTH INDUSTRIAL REVOLUTION AND ECONOMIC GROWTH IN SUB-SAHARAN AFRICA
Akinlo Taiwo
; Adeyemi College of Education, Ondo Department of Economics School of Arts and Social Sciences, Nigeria
Abstract
This study aimed at investigating the relationship between the fourth industrial revolution proxied by total factor productivity and economic growth in sub-Saharan Africa during the period 1986-2016. To achieve this, static and dynamic models were estimated. This study found that the total factor productivity is not significantly impacted economic growth as expected. This is an indication that the region has not fully tap from industrial revolutions which have transformed many economies across the world. The region needs to maximise its benefits from industrial revolutions by taking advantage of the current technological progress and innovations. The study also found that institutional quality and gross capital formation are crucial to economic growth in sub-Saharan Africa.
Keywords
industrial revolution; economic growth; panel data
Hrčak ID:
236767
URI
Publication date:
10.4.2020.
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