The objective of this paper is to investigate the effect of alternating heads of state on structural transformation in sub-Saharan Africa (SSA). Indeed, the alternation of a head of state is an institutional tool likely to promote the reallocation of labor, innovation and human capital and thus...

This paper is aimed to decompose, the economic growth of the Afar national regional state of Ethiopia in to labor productivity, employment rate and working age population and to verify whether the positive economic growth registered earlier on the region was a job creation growth or not. To do...

This paper investigates the effects of foreign direct investment (FDI) on structural transformation using panel data from 44 developing countries and four newly industrialized countries from 1990 to 2018 by employing the generalized method of moment approach of Arellano-Bond (1991). The...

This paper investigates the effects of foreign direct investment (FDI) on structural transformation using panel data from 44 developing countries and four newly industrialized countries from 1990 to 2018 by employing the generalized method of moment approach of Arellano-Bond (1991). The...

China’s military-civil fusion (MCF) policy has attracted global attention. Since 2010, China has constructed over 30 MCF national demonstration bases (MCFNDBs) to optimise local industrial structure and promote local economic development. However, the evaluation of the actual economic effects...

Foreign Direct Investment (FDI) is widely recognized as an engine of the structural transformation in development theories. We analyzed the effects of FDI on the structural transformation in West African Economic and Monetary Union (WAEMU) countries by considering the industry, manufacturing,...

Economic structure transformation is widely recognized as a crucial role in sustainable development. However, the existing literature almost focused on the change inside certain economic areas and ignored the external relationship. This raises the question about the role of factors outside in...

This study derives an optimal macroeconomic policy combination for financial sector stability in the United Kingdom by employing a New Keynesian Dynamic Stochastic General Equilibrium (NK-DSGE) framework. The empirical results obtained show that disciplined fiscal and accommodative monetary...

Our main contribution in this paper consists of analyzing long-run interactions between structural policies and economic growth accounting for possible convergence. For this purpose, we are based on a sample of eight countries bordering the Mediterranean during the period 1975-2012. In fact, we...

This study is the first attempt to scrutinize the causal relationship between economic policy uncertainty (EPU) and innovation in the case of China, using the autoregressive distributed lag (ARDL) approach to co-integration approach of innovation accounting for causality analysis. The empirical...