ArticleHeliyon2023
Natural resources, financial development and structural transformation in Sub-Saharan Africa.
Article in Heliyon, 2023. The graph could read no effect estimate from its abstract, so it casts no vote on the map. Cited by 1 paper.
What it found
Each row is one number read from the abstract, on the scale the paper reported it, with its interval. Left of the dashed line favours the treatment, right favours the comparator. Under each row is the sentence it came from. New to these charts? A ten-minute tutorial.
The abstract states no effect estimate the extractor could read, or names no intervention and outcome on the map, so this paper lights no cell and moves no belief. It is still indexed, cited and linked below.
The trial behind it
Trials whose registry record cites this paper, or whose number appears in the abstract. A trial that started after this paper was published is citing it as background, not reporting it.
Neither the registry nor the abstract names a trial number. If this is a trial report, that itself is worth knowing.
Who cites it
1 citing paper in PubMed.
Corrections and comments
PubMed lists nothing against this paper. Absence here is not a guarantee, only a check that was made.
Authors and funding
6 authors.
Funding
No grant is acknowledged in the PubMed record.
Abstract
Structural transformation is a crucial prerequisite for inclusive and sustainable development. In this context, this study examines the influence of natural resource dependence on the transformation of industrial structure in a panel of 30 Sub-Saharan (SSA) economies from 1995 to 2019, taking into account the role of financial development. The empirical analysis relies on the newly developed bias-corrected method-of-moments estimator. The findings indicate that natural resource dependence leads to a reduction in the output contribution of the manufacturing and service industries. On the other hand, financial development through the institutions channel decreases the output value of extractive industries while increasing the output value of manufacturing and service industries, resulting in a net positive effect on the evolution of industrial structure away from extractive-based industrialization. Considering the complex multidimensional nature of financial development, further findings suggest that the depth and efficiency of financial systems are critical areas for deepening structural diversification in the sub-region. Additionally, the findings reveal a U-shaped relationship between per capita GDP and industrial structure transformation. These findings highlight that natural resource dependence inhibits structural transformation in SSA and emphasize the importance of enhancing the depth and efficiency of financial systems as part of strategies to break the resource curse.
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Registered trials
Read under generation 80e0d062 · epoch 390. Bibliography from PubMed, PubMed Central and OpenAlex; grants from NIH RePORTER; trial links from ClinicalTrials.gov; estimates, votes and beliefs from the OpenQuestion graph.