Publication: Structural convergence and its impacts on trade and growth in African countries
Abstract
Birkaç ülke arasındaki ekonomik yakınlaşma, gerçek ya da nominal ve ya yapısal olsun, iktisatçıların 18. yüzyıldan günümüze kadar özel ilgilerine giren önemli bir konudur. Bu nedenle, konuyla ilgili çok sayıda teorik ve ampirik literatür bulunmaktadır. Literatürde gerçek ve nominal yakınsama daha fazla ilgi görmüş ancak eşzamanlı yapısal dönüşümün bir sonucu olan ve ülkeler arasındaki sektörel yapısal benzerlik veya konjonktür senkronizasyonuna odaklanan yapısal yakınsama, 2000’li yılların başında ortaya çıkmış ve o günlerden beri literatürde artan bir ilgi görmüştür. Bu çıkışa rağmen Afrika ülkelerinin bu konuya çok az ilgi gösterdiği açıktır. Ayrıca Afrika, gençlerin büyük bir bölümünü göç etmeye iten, büyük bir işsizlik ve eksik istihdam sorunuyla karşı karşıyadır. Her yıl işgücüne katılan yaklaşık 12 milyon genç vardır (Afrika Kalkınma Bankası. 2018)
Economic convergence between several countries, whether real, nominal, or structural, is an important issue, as evidenced by economists' special interest in it from the 18th century to the present. This is why there is a plethora of theoretical and empirical literature on the subject. Real and nominal convergence has received more attention in the literature, but structural convergence, which is the result of simultaneous structural transformation and focuses on sectoral structural similarity or business cycles synchronization between countries, appears to have emerged and has received increasing attention in the literature since the beginning of the 2000s. Despite this emergence, it is clear that African countries have received very little attention on this topic. In addition, Africa faces a major problem of unemployment and underemployment, which pushes a large proportion of young people to opt for immigration. There is about 12 million young First Name and Last Name ALI BAKO OUSMANE Field: Economics Programme: International Economics Supervisor: Prof. Dr. MEHMET ŞİŞMAN Degree Awarded and Date Ph.D.- May, 2022 Structural Convergence, Structural Transformation, Sectoral Relative Productivity Levels, trade, growth, African Economy, Panel-Corrected Standard Errors regression, Feasible Generalized Least Squares regression, tobit model, instrumental variable, Granger non-causality test vi people who join its labor force every year (African Development Bank. 2018)
Economic convergence between several countries, whether real, nominal, or structural, is an important issue, as evidenced by economists' special interest in it from the 18th century to the present. This is why there is a plethora of theoretical and empirical literature on the subject. Real and nominal convergence has received more attention in the literature, but structural convergence, which is the result of simultaneous structural transformation and focuses on sectoral structural similarity or business cycles synchronization between countries, appears to have emerged and has received increasing attention in the literature since the beginning of the 2000s. Despite this emergence, it is clear that African countries have received very little attention on this topic. In addition, Africa faces a major problem of unemployment and underemployment, which pushes a large proportion of young people to opt for immigration. There is about 12 million young First Name and Last Name ALI BAKO OUSMANE Field: Economics Programme: International Economics Supervisor: Prof. Dr. MEHMET ŞİŞMAN Degree Awarded and Date Ph.D.- May, 2022 Structural Convergence, Structural Transformation, Sectoral Relative Productivity Levels, trade, growth, African Economy, Panel-Corrected Standard Errors regression, Feasible Generalized Least Squares regression, tobit model, instrumental variable, Granger non-causality test vi people who join its labor force every year (African Development Bank. 2018)