Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis

Dimitri Sanga; Mamoudou Sebego

doi:doi:10.11648/j.jbed.20200503.14

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Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis

Dimitri Sanga, Mamoudou Sebego

Published in Journal of Business and Economic Development (Volume 5, Issue 3)

Received: 6 July 2020 Accepted: 24 July 2020 Published: 10 August 2020

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Abstract

This paper analyses the structural transformation process of ECOWAS economies through an exploratory approach of stylized facts analysis on added value, employment, productivity and intra- and inter-sectoral mobility of labour factor, followed by an econometric approach in balanced panel data from 1991 to 2017 for the 15 countries in the region. The analysis revealed the beginnings of a structural transformation process in some ECOWAS economies, especially Ghana, Nigeria and Senegal, and more or less Burkina Faso and Guinea. The positive effects of the mobility of labour factor, albeit timid and at slow pace, from the agricultural sector to the industrial (manufacturing industry mainly) and services sectors, could be limited, on the one hand, by the low level of human capital development and on the other hand by a reverse itinerary characterized by the hegemony of the activities of the service sector, in terms of the proportion of value added and employment. In this regard, it appears that reforms aimed at strengthening the development of human capital could contribute to the acceleration of the productivities of industrial sector activities in general and manufacturing in particular through the channel of the accumulation of knowledge, know-how and technology. Economies could thus benefit from the growing prospects of attracting FDI in relation to the growing economic and geopolitical interests of foreign investors for Africa in general and ECOWAS in particular.

Published in	Journal of Business and Economic Development (Volume 5, Issue 3)
DOI	10.11648/j.jbed.20200503.14
Page(s)	138-156
Creative Commons	This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited.
Copyright	Copyright © The Author(s), 2020. Published by Science Publishing Group

Keywords

Economic Structural Transformation, Productivity, Labor Mobility, Capital Intensity, Economic Complexity

References

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APA Style

Dimitri Sanga, Mamoudou Sebego. (2020). Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. Journal of Business and Economic Development, 5(3), 138-156. https://doi.org/10.11648/j.jbed.20200503.14

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ACS Style

Dimitri Sanga; Mamoudou Sebego. Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. J. Bus. Econ. Dev. 2020, 5(3), 138-156. doi: 10.11648/j.jbed.20200503.14

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AMA Style

Dimitri Sanga, Mamoudou Sebego. Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. J Bus Econ Dev. 2020;5(3):138-156. doi: 10.11648/j.jbed.20200503.14

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@article{10.11648/j.jbed.20200503.14,
  author = {Dimitri Sanga and Mamoudou Sebego},
  title = {Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {3},
  pages = {138-156},
  doi = {10.11648/j.jbed.20200503.14},
  url = {https://doi.org/10.11648/j.jbed.20200503.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200503.14},
  abstract = {This paper analyses the structural transformation process of ECOWAS economies through an exploratory approach of stylized facts analysis on added value, employment, productivity and intra- and inter-sectoral mobility of labour factor, followed by an econometric approach in balanced panel data from 1991 to 2017 for the 15 countries in the region. The analysis revealed the beginnings of a structural transformation process in some ECOWAS economies, especially Ghana, Nigeria and Senegal, and more or less Burkina Faso and Guinea. The positive effects of the mobility of labour factor, albeit timid and at slow pace, from the agricultural sector to the industrial (manufacturing industry mainly) and services sectors, could be limited, on the one hand, by the low level of human capital development and on the other hand by a reverse itinerary characterized by the hegemony of the activities of the service sector, in terms of the proportion of value added and employment. In this regard, it appears that reforms aimed at strengthening the development of human capital could contribute to the acceleration of the productivities of industrial sector activities in general and manufacturing in particular through the channel of the accumulation of knowledge, know-how and technology. Economies could thus benefit from the growing prospects of attracting FDI in relation to the growing economic and geopolitical interests of foreign investors for Africa in general and ECOWAS in particular.},
 year = {2020}
}

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TY  - JOUR
T1  - Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis
AU  - Dimitri Sanga
AU  - Mamoudou Sebego
Y1  - 2020/08/10
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200503.14
DO  - 10.11648/j.jbed.20200503.14
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 138
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PB  - Science Publishing Group
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UR  - https://doi.org/10.11648/j.jbed.20200503.14
AB  - This paper analyses the structural transformation process of ECOWAS economies through an exploratory approach of stylized facts analysis on added value, employment, productivity and intra- and inter-sectoral mobility of labour factor, followed by an econometric approach in balanced panel data from 1991 to 2017 for the 15 countries in the region. The analysis revealed the beginnings of a structural transformation process in some ECOWAS economies, especially Ghana, Nigeria and Senegal, and more or less Burkina Faso and Guinea. The positive effects of the mobility of labour factor, albeit timid and at slow pace, from the agricultural sector to the industrial (manufacturing industry mainly) and services sectors, could be limited, on the one hand, by the low level of human capital development and on the other hand by a reverse itinerary characterized by the hegemony of the activities of the service sector, in terms of the proportion of value added and employment. In this regard, it appears that reforms aimed at strengthening the development of human capital could contribute to the acceleration of the productivities of industrial sector activities in general and manufacturing in particular through the channel of the accumulation of knowledge, know-how and technology. Economies could thus benefit from the growing prospects of attracting FDI in relation to the growing economic and geopolitical interests of foreign investors for Africa in general and ECOWAS in particular.
VL  - 5
IS  - 3
ER  -

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Author Information

Dimitri Sanga

United Nations Educational, Scientific and Cultural Organization, West Africa-Sahel Regional Office, Dakar, Senegal
Mamoudou Sebego

United Nations Economic Commission for Africa, West Africa regional Office, Niamey, Niger

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APA Style

Dimitri Sanga, Mamoudou Sebego. (2020). Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. Journal of Business and Economic Development, 5(3), 138-156. https://doi.org/10.11648/j.jbed.20200503.14

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ACS Style

Dimitri Sanga; Mamoudou Sebego. Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. J. Bus. Econ. Dev. 2020, 5(3), 138-156. doi: 10.11648/j.jbed.20200503.14

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AMA Style

Dimitri Sanga, Mamoudou Sebego. Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis. J Bus Econ Dev. 2020;5(3):138-156. doi: 10.11648/j.jbed.20200503.14

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@article{10.11648/j.jbed.20200503.14,
  author = {Dimitri Sanga and Mamoudou Sebego},
  title = {Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis},
  journal = {Journal of Business and Economic Development},
  volume = {5},
  number = {3},
  pages = {138-156},
  doi = {10.11648/j.jbed.20200503.14},
  url = {https://doi.org/10.11648/j.jbed.20200503.14},
  eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jbed.20200503.14},
  abstract = {This paper analyses the structural transformation process of ECOWAS economies through an exploratory approach of stylized facts analysis on added value, employment, productivity and intra- and inter-sectoral mobility of labour factor, followed by an econometric approach in balanced panel data from 1991 to 2017 for the 15 countries in the region. The analysis revealed the beginnings of a structural transformation process in some ECOWAS economies, especially Ghana, Nigeria and Senegal, and more or less Burkina Faso and Guinea. The positive effects of the mobility of labour factor, albeit timid and at slow pace, from the agricultural sector to the industrial (manufacturing industry mainly) and services sectors, could be limited, on the one hand, by the low level of human capital development and on the other hand by a reverse itinerary characterized by the hegemony of the activities of the service sector, in terms of the proportion of value added and employment. In this regard, it appears that reforms aimed at strengthening the development of human capital could contribute to the acceleration of the productivities of industrial sector activities in general and manufacturing in particular through the channel of the accumulation of knowledge, know-how and technology. Economies could thus benefit from the growing prospects of attracting FDI in relation to the growing economic and geopolitical interests of foreign investors for Africa in general and ECOWAS in particular.},
 year = {2020}
}

Copy | Download

TY  - JOUR
T1  - Structural Transformation of Economies of the Economic Community of West African States: An Empirical Analysis
AU  - Dimitri Sanga
AU  - Mamoudou Sebego
Y1  - 2020/08/10
PY  - 2020
N1  - https://doi.org/10.11648/j.jbed.20200503.14
DO  - 10.11648/j.jbed.20200503.14
T2  - Journal of Business and Economic Development
JF  - Journal of Business and Economic Development
JO  - Journal of Business and Economic Development
SP  - 138
EP  - 156
PB  - Science Publishing Group
SN  - 2637-3874
UR  - https://doi.org/10.11648/j.jbed.20200503.14
AB  - This paper analyses the structural transformation process of ECOWAS economies through an exploratory approach of stylized facts analysis on added value, employment, productivity and intra- and inter-sectoral mobility of labour factor, followed by an econometric approach in balanced panel data from 1991 to 2017 for the 15 countries in the region. The analysis revealed the beginnings of a structural transformation process in some ECOWAS economies, especially Ghana, Nigeria and Senegal, and more or less Burkina Faso and Guinea. The positive effects of the mobility of labour factor, albeit timid and at slow pace, from the agricultural sector to the industrial (manufacturing industry mainly) and services sectors, could be limited, on the one hand, by the low level of human capital development and on the other hand by a reverse itinerary characterized by the hegemony of the activities of the service sector, in terms of the proportion of value added and employment. In this regard, it appears that reforms aimed at strengthening the development of human capital could contribute to the acceleration of the productivities of industrial sector activities in general and manufacturing in particular through the channel of the accumulation of knowledge, know-how and technology. Economies could thus benefit from the growing prospects of attracting FDI in relation to the growing economic and geopolitical interests of foreign investors for Africa in general and ECOWAS in particular.
VL  - 5
IS  - 3
ER  -

Copy | Download