Trade and sectoral performance in Africa: does technological innovation matter?

Dayo Benedict Olanipekun

Innovation and Development, 2025, vol. 15, issue 1, 25-39

Abstract: This study examines how trade openness and technological innovation (measured by patent registration, research and development expenditure as a percentage of GDP and intellectual property rights) affect sectoral performance in Africa. A disaggregated approach was adopted by considering three major sectors; namely, agriculture, manufacturing and service using two-step system generalized method of moment technique. The result shows that trade openness has a positive and statistically significant effect on agricultural and service sectors’ performance. The effect of technological innovation on sectoral performance produces diverse evidence. First, research and development (R&D) and intellectual property rights index significantly affect agricultural sector performance. Second, R&D simply affect manufacturing sector performance. Third, the three technological innovation indicators have a significant effect on service sector performance. Policies strategies should focus on trade openness, increase in government expenditure on research and development and adequate support for patents and intellectual property rights to improve sector-level performance.

Date: 2025
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DOI: 10.1080/2157930X.2023.2229136

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