Factors Driving Industrialization in Africa: A Panel Two-Stage Least Square Approach

Amoah, Cosmos; Jehu-Appiah, Josephine

doi:10.4236/me.2022.132010

Cited by 6 publications

(2 citation statements)

References 39 publications

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“…Afterwards, Ordinary Least Square for each of the variables is applied. However, in the second stage, original equation is regressed and 2SLS estimates are obtained from the coefficients of this regression (Amoah, Jehu-Appiah, 2022).…”

Section: Methodsmentioning

confidence: 99%

Institutional quality and economic growth in the non-EU post-Soviet countries: Does energy abundance matter?

Gasimov,

Jabiyev,

Asgarzade

2023

Economics &Amp; Sociology

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ABSTRACT. After regaining independence, most of the post-Soviet countries encountered socio-economic difficulties during the transition period. These challenges were also accompanied by low institutional quality. Some of the post-Soviet countries, such as Russia, Turkmenistan, Kazakhstan and Azerbaijan, can be categorized as energy-rich, while the remaining countries are non-rich in terms of energy. Thereby, the aim of this study is twofold: first, to analyze the impact of institutional quality on economic growth in the case of non-EU post-Soviet countries, and second, to determine whether there is any difference in the link of institutional quality and economic growth between the energy-rich and non-rich sample countries. Two-Stage Least Squares reveal a U-shaped association between institutional environment and economic growth. Furthermore, the results suggest that this impact is lower in the energy-rich countries compared with their non-rich counterparts. With regards to the control variables, the findings indicate a positive and statistically significant impact of openness on economic growth. Finally, there is a negative association between the remaining control variables, such as inflation, population growth rate and the dependent variable.

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Section: Methodsmentioning

confidence: 99%

Institutional quality and economic growth in the non-EU post-Soviet countries: Does energy abundance matter?

Gasimov,

Jabiyev,

Asgarzade

2023

Economics &Amp; Sociology

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“…Industrial sector is strategic and important to realize development goals. Therefore, industrialization is more aimed at supporting the development of industry to mobilize and increase the regional economic growth rate and open wide opportunities for employment [3]. To reach the purpose, good cooperation between economic sectors is needed so that it can have an impact on the activities of the production sector which has attractiveness and support in each sector [4,5].…”

Section: Introductionmentioning

confidence: 99%

Pentahelix Model for Eco-Industrial Development: A Collaborative Policy Approach

Wicaksono,

Agustina,

Hidayat

2023

IJSDP

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Currently, industrial sector has been facing challenges in terms issues where the industrial activities impact the environment. The industrial sector in Ngawi Regency is one of the sectors that contributes the fourth largest to the region's economy. This study identifys the factors that influence industrial sectors namely the aspects of revenue growth, sales growth, and production growth by using multiple linear regression analysis and applying Pentahelix Model as a collaboration model towards eco-industrial development. The findings of the study revealed the variables which significantly influenced the aspect of revenue growth namely raw material, capital, and infrastructure. The production growth is affected by raw materials, capital, marketing, production, and institutional. Supported by the result of industrial development factors, Pentahelix synergy is expected to be applied in the practice of ecoindustrial development based on the roles of each actor in Pentahelix.

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Natural resources extraction and industrial expansion: Natural resources a curse or blessing for the industrial sector of China?

Liao,

Wei,

Ali

et al. 2023

Resources Policy

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Factors Driving Industrialization in Africa: A Panel Two-Stage Least Square Approach

Cited by 6 publications

References 39 publications

Institutional quality and economic growth in the non-EU post-Soviet countries: Does energy abundance matter?

Institutional quality and economic growth in the non-EU post-Soviet countries: Does energy abundance matter?

Pentahelix Model for Eco-Industrial Development: A Collaborative Policy Approach

Natural resources extraction and industrial expansion: Natural resources a curse or blessing for the industrial sector of China?

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