...
  • 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Physica, A. Statistical mechanics and its applications >Effects of trade and financial integration on structural transformation in Africa: New evidence from a sample splitting approach
【24h】

Effects of trade and financial integration on structural transformation in Africa: New evidence from a sample splitting approach

机译：贸易与金融整合对非洲结构转型的影响：采用样本分裂方法的新证据

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

Improving on structural transformation is one of the major preoccupations of countries in Africa. However, structural transformation process has been unimpressive despite the efforts of countries to promote transformation. While evidence abound on the macroeconomic determinants of structural transformation, issues around whether or not countries in Africa should open their economies to international markets for improved transformation have not received much attention in the literature. This study therefore examines the threshold effects of trade and financial integration on structural transformation in 32 African countries using a sample splitting estimation approach over the period 1985 to 2015. Our evidence suggests that, trade and financial integration effects do not evolve independently but complement each other in explaining cross-country differences in countries' level of structural transformation in Africa. However, the transformation-inducing effect of trade (financial) openness slows as financial (trade) integration progresses above the estimated optimal threshold levels. To foster deeper integration in Africa, this study recommends that, efforts to address non-tariff bottlenecks should be a major preoccupation of countries. (C) 2020 Elsevier B.V. All rights reserved.
机译：改善结构转型是非洲国家的主要关注之一。然而，尽管各国促进转型的努力，结构转型过程一直是不压制性的。虽然有证据表明结构转型的宏观经济决定因素，但非洲各国是否应将经济转移到国际市场的问题，以改善转型，在文献中没有受到大量关注。因此，本研究审查了在1985年至2015年期间使用示例分裂估计方法的32个非洲国家对结构转型的贸易和金融整合的阈值影响。我们的证据表明，贸易和金融融合效应不会独立发展，但互相补充解释非洲国家结构转型水平的跨国差异。然而，贸易转型诱导效果（财务）开放减缓作为财务（贸易）集成的减慢，以上估计最佳阈值水平。为了促进非洲的更深层次的整合，本研究建议，解决非关税瓶颈的努力应该是各国的重大关注。 （c）2020 Elsevier B.v.保留所有权利。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号