Determination of Comparative Advantage of Different Lines of Industrial Production for Export: Evidence from African Countries
| dc.contributor.author | Yusuf Toyin Yusuf | |
| dc.contributor.author | Fatai Akosile | |
| dc.date.accessioned | 2024-11-08T13:43:38Z | |
| dc.date.available | 2024-11-08T13:43:38Z | |
| dc.date.issued | 2024-06-13 | |
| dc.description.abstract | There is no gain saying in the crucial importance of high and sustainable economic growth, particularly in African countries. So also is the importance of countries using trade as an engine of growth, which is to be facilitated by identifying the possible lines of production for export market where the comparative advantage lies for the purpose of allocating a country’s resources accordingly. This informs the objective of the study which is to determine the comparative advantage of different lines of industrial production for export in Africa. To achieve this objective, the study’s theoretical background rests on the neo-classical theory-based growth accounting framework and Thirlwall’s (1979) theory on the role of industrial exports. Based on this, the study specified two panel economic growth equations and they are estimated with fixed effect (FE) estimation technique. The study therefore found that the greatest comparative advantage of African countries lies in the production of non-industrial goods (NIX) for export, followed by production for exports of non-manufacturing industrial goods (NMIX) while the country has neither a comparative advantage nor a comparative disadvantage in the production of manufactured goods (MX) for export. Based on these findings, policymakers should pursue a strategy aimed at improving the production of non-industrial goods for export in preference to production of non-manufacturing industrial goods for export and refrain from manufacturing in production for export market in order to promote economic growth in the short run and switch their policies in the long run, to focus on how to have comparative advantage in manufacturing by removing those obstacles that presently militate against the current lack of comparative advantage that is observed in the study, that could have contributed to the present lack of comparative advantage. | |
| dc.identifier.uri | https://kwasuspace.kwasu.edu.ng/handle/123456789/2727 | |
| dc.language.iso | en | |
| dc.publisher | Department of Economics and Development Studies, Faculty of Social Sciences, Federal University Dutsin-Ma, Katsina State | |
| dc.relation.ispartofseries | Vol. 5, No. 1 | |
| dc.title | Determination of Comparative Advantage of Different Lines of Industrial Production for Export: Evidence from African Countries | |
| dc.type | Article |