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Distance from the technology frontier: How could Africa catch-up via socio-institutional factors and human capital?

Title
Distance from the technology frontier: How could Africa catch-up via socio-institutional factors and human capital?
Author
Das, Gouranga G.
Keywords
Catching-up; Efficiency; Stochastic frontier; FDI; Human capital; SUB-Saharan Africa
Issue Date
2020-01
Publisher
ELSEVIER SCIENCE BV
Citation
Technological Forecasting and Social Change, v. 150, Article no. 119755
Abstract
Drawing on stylized evidences on emerging economies and Sub-Saharan Africa, we ask: why some countries lag while some are fast in catching-up? By considering a tripartite grouping—advanced North, dynamic emerging Southern engines of growth, and laggards in Sub-Saharan Africa—this paper (i) uses the metafrontier approach for measuring the technology gap between the African nations and emerging economies, and (ii) tests the relationship between the technology gap, educational quality, trade openness, and foreign direct investment. We show that knowledge capabilities backed by human development, access to new technology, capacity to absorb new technologies are essential for development success. On the other hand, Africa's poor infrastructure, relatively poor business environment, and lack of human development are the most significant barriers to technology catch-up. Results show that globalization is not merely the means of opening new markets but for achieving higher productivity through technology transfers. Moreover, improved macroeconomic policies and sustained reform, as well as human capital, stronger governance and better investment climate are needed for accelerating the technology catch-up, and to put the African economies on a path to sustainable growth.
URI
https://www.sciencedirect.com/science/article/pii/S0040162517301968http://repository.hanyang.ac.kr/handle/20.500.11754/120645
ISSN
0040-1625
DOI
10.1016/j.techfore.2019.119755
Appears in Collections:
COLLEGE OF BUSINESS AND ECONOMICS[E](경상대학) > ECONOMICS(경제학부) > Articles
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