The Economic Transformation Database (ETD): content, sources, and methods

2021 ◽  
Author(s):  
Gaaitzen de Vries ◽  
Linda Arfelt ◽  
Dorothea Drees ◽  
Mareike Godemann ◽  
Calumn Hamilton ◽  
...  
Keyword(s):  
Time Series ◽  
Economic Development ◽  
Middle East ◽  
Latin American ◽  
Poverty Reduction ◽  
Value Added ◽  
Economic Transformation ◽  
North African ◽  
African Countries ◽  
Sub Saharan

This note introduces the GGDC/UNU-WIDER Economic Transformation Database (ETD), which provides time series of employment and real and nominal value added by 12 sectors in 51 countries for the period 1990–2018. The ETD includes 20 Asian, 9 Latin American, 4 Middle-East and North African, and 18 sub-Saharan African countries at varying levels of economic development. The ETD is constructed on the basis of an in-depth investigation of the availability and usability of statistical sources on a country-by-country basis. The ETD provides researchers with data to analyse the variety and determinants of structural transformation and supports policies aimed at sustained growth and poverty reduction.

Optimism in Times of Crisis

2018 ◽  
Author(s):  
Roy Germano
Keyword(s):  
Latin American ◽  
Middle Eastern ◽  
Economic Security ◽  
Economic Conditions ◽  
North African ◽  
African Countries ◽  
Developing Regions ◽  
National Economic ◽  
Sub Saharan ◽  
The Impact

Using a variety of survey datasets, this chapter explores the impact of remittances in fifty Latin American, Caribbean, Middle Eastern, North African, and sub-Saharan African countries. The first part of this chapter provides an overview of trends in the flow of migrants and remittances throughout these developing regions. The remainder of the chapter uses survey data to analyze the effects of remittances on economic grievances during the global food and financial crises that struck many economies between 2008 and 2011. The results indicate that remittances are strongly associated with feelings of economic security and optimism. Remittance recipients are less likely to describe their personal economic circumstances or national economic conditions negatively. They are furthermore less likely to predict that their personal economic circumstances or the national economic conditions will deteriorate in the future.

scholarly journals Structural transformation and economic development in the best performing sub-Saharan African states

Equilibrium ◽  
2017 ◽  
Vol 12 (4) ◽  
pp. 547-571 ◽  
Author(s):  
Katarzyna Świerczyńska
Keyword(s):  
Economic Development ◽  
Structural Changes ◽  
Labour Productivity ◽  
Value Added ◽  
Data Availability ◽  
Policy Implications ◽  
Sub Saharan Africa ◽  
African Countries ◽  
Sub Saharan ◽  
New Structural Economics

Research background: Economic development in sub-Saharan Africa is of paramount importance, yet it escapes most of the attempts to understand it better in the economic dis-course, and it remains a sensitive issue in politics, contradicting stakeholders at national and international levels. The region still lags behind others in terms of technological advancement and economic development. It has grown  significantly in the precedent decade, but the extent of growth has not sufficiently translated to its development. Determining strategies for sub-Saharan Africa is a scientific challenge, which requires more attention. In the globalized, interconnected reality, solving problems of the South is in the best interest of the North. Purpose of the article: The aim of this research is to analyze structural changes as factors of economic development in the best performing sub-Saharan African countries on the grounds of new structural economics in order to provide policy implications.   Methods: Namibia, Botswana, South Africa and Gabon were selected as best performing economies in the region. Based on the literature review and the analysis of descriptive statis-tics, profiles of sample countries were set. This in turn allowed to determine the potential explanatory variables for OLS model of economic development. In the model, factors relating to labour productivity, technology and structural change were included. The data was sourced from WDI (World Development Indicators) database, Gretl software was used for computations. Findings & Value added: This paper contributes to the literature by attempting to explain structural changes in the process of economic development in the sub-Saharan region on the sample of best performing states. The paradigm of new structural economics provided theo-retical grounds for empirical analysis. Based on the results, policy implications were proposed with respect to technology promotion, natural resources management, and quality of institutions. The research was limited by data availability and reliability.

scholarly journals A manufacturing renaissance? Industrialization trends in the developing world

2021 ◽  
Author(s):  
Hagen Kruse ◽  
Emmanuel Mensah ◽  
Kunal Sen ◽  
Gaaitzen de Vries
Keyword(s):  
Time Series ◽  
Developing Countries ◽  
Developing World ◽  
Value Added ◽  
Economic Transformation ◽  
Sub Saharan Africa ◽  
Demographic Trends ◽  
Sub Saharan

This paper examines industrialization trends in developing countries. It uses the GGDC/UNU-WIDER Economic Transformation Database, which provides time series of employment and real and nominal value added annually by 12 sectors in 51 countries for the period 1990–2018. Until the early 2000s de-industrialization was widespread, but then the trend reversed. Regressions that control for income and demographic trends suggest significant employment industrialization in developing Asia and sub-Saharan Africa. We explore the nature of this manufacturing renaissance.

Impact of Peace and Economic Freedom on the Prosperity of Middle East and North African Countries

2018 ◽  
pp. 50-65
Author(s):  
Yilmaz Bayar
Keyword(s):  
Middle East ◽  
North Africa ◽  
Economic Freedom ◽  
Panel Data Analysis ◽  
Sub Saharan Africa ◽  
North African ◽  
African Countries ◽  
The World ◽  
Sub Saharan ◽  
North African Countries

Significant improvements have been experienced in global prosperity in the recent years, but there have been considerable differences at prosperity levels of different regions. Western Europe and North Africa were the most prosperous regions of the world in 2017, while Sub-Saharan Africa and Middle East and North Africa were the least prosperous regions of the world in 2017. However, Middle East and North Africa and Sub-Saharan Africa are also the least peaceful regions of the world. In this regard, this chapter analyzes the effect of peace and economic freedom on prosperity in Middle East and North African countries with panel data analysis. The results of empirical analysis revealed that both peace and economic freedom are significant determinants of prosperity.

scholarly journals Implications of Governance, Natural Resources, and Security Threats on Economic Development: Evidence from Sub-Saharan Africa

2021 ◽  
Vol 18 (12) ◽  
pp. 6236
Author(s):  
Husam Rjoub ◽  
Chuka Uzoma Ifediora ◽  
Jamiu Adetola Odugbesan ◽  
Benneth Chiemelie Iloka ◽  
João Xavier Rita ◽  
...  
Keyword(s):  
Economic Development ◽  
Natural Resources ◽  
Causal Effect ◽  
Sub Saharan Africa ◽  
Security Threats ◽  
African Countries ◽  
Significance Level ◽  
Long Run ◽  
Short Run ◽  
Sub Saharan

Sub-Saharan African countries are known to be bedeviled with some challenges hindering the economic development. Meanwhile, some of these issues have not been exhaustively investigated in the context of the region. Thus, this study aimed at investigating the implications of government effectiveness, availability of natural resources, and security threats on the regions’ economic development. Yearly data, spanning from 2007 to 2020, was converted from low frequency (yearly) to high frequency (quarterly) and utilized. Data analysis was conducted using Dynamic heterogeneous panel level estimators (PMG and CS-ARDL). Findings show that while PMG estimator confirms a long-run causal effect of governance, natural resources, and security threats on economic development, only natural resources show a short-run causal effect with economic development, while the CS-ARDL (model 2) confirms the significance of all the variables both in the long and short-run. Moreover, the ECT coefficients for both models were found to be statistically significant at less than 1% significance level, which indicates that the systems return back to equilibrium in case of a shock that causes disequilibrium, and in addition, reveals a stable long-run cointegration among the variables in the model. Finally, this study suggests that the policy makers in SSA countries should place more emphasis on improving governance, managing security challenges, and effectively utilizing rents from the natural resources, as all these have severe implications for the economic development of the region if not addressed.

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