THE IMPACT OF TECHNOLOGICAL PROGRESS ON THE REAL SECTOR IN SUB-SAHARAN AFRICA

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

Global Economy Journal (GEJ), 2023, vol. 23, issue 01n04, 1-25

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.

Keywords: Technological progress; real sector; panel data; sub-Saharan Africa; internet (search for similar items in EconPapers)
JEL-codes: C23 L80 O40 (search for similar items in EconPapers)
Date: 2023
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DOI: 10.1142/S2194565924500027

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