TITLE:
Regional Value Chains and Industrialization of Sub-Saharan Africa
AUTHORS:
Desire Avom, Irene Tiako, Bernard Nguekeng
KEYWORDS:
Regional Value Chains, Industrialization, Sub-Saharan Africa, GMM in the System
JOURNAL NAME:
Theoretical Economics Letters,
Vol.11 No.6,
December
30,
2021
ABSTRACT: The objective of this article is to determine the
effects of integration into regional value chains on the industrialization of
the countries of sub-Saharan Africa. To this end, after a review of the
literature, we carried out an econometric analysis of panel data. The estimates
with the GMM in the system have led to the following results: 1) integration into regional
value chains participates in the industrialization of this sub-region. 2) Upstream integration
contributes more to industrialization than downstream integration. In these
circumstances, African leaders must encourage trade in intermediate products.
For this to be effective, actions must be directed towards improving the level
of infrastructure and the training of young Africans.