This paper aims to determine the factors that influence the participation of the Sub-Saharan Africa countries in the global value chain (GVC). The paper use of a spatial panel Model to show that the variability of participation in the global value chain is explained by the total factor productivity, the dollar rate, the terms of trade, the type of economic zone and the degree of integration of countries into the Global Economy (Globalization). Empirical evidence displays a positive link between the total factor productivity growth and the participation in the global value chain. The rise of the Dollar against the Euro strengthens the participation in the global value chain. The deterioration of the terms of trade decreases participation in the global value chain. Special Economic Zones have a positive effect on the global value chain. On the other hand, a significant negative relationship between the free trade zones and participation in the GVC is observed. Finally, with the exception of the Economic Globalization Index and Political Index, all the other indexes have a positive and significant impact on participation in the GVC. The Sub-Saharan African countries have an interest in becoming more integrated into the globalization of trade, information technology and finance. They must also promote economic and political integration.
| Published in | Journal of Finance and Accounting (Volume 12, Issue 3) |
| DOI | 10.11648/j.jfa.20241203.11 |
| Page(s) | 58-66 |
| Creative Commons |
This is an Open Access article, distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution and reproduction in any medium or format, provided the original work is properly cited. |
| Copyright |
Copyright © The Author(s), 2024. Published by Science Publishing Group |
Global Value Chain, Spatial Panel, Special Economic Zone, Globalization
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APA Style
Gueyea, A., Diopb, A. N., Ndiayec, M. B. O. (2024). The Quest for Participating to Global Value Chain in Sub-Sahara Africa: An Analysis of Determining Factors Using a Spatial Panel Model. Journal of Finance and Accounting, 12(3), 58-66. https://doi.org/10.11648/j.jfa.20241203.11
ACS Style
Gueyea, A.; Diopb, A. N.; Ndiayec, M. B. O. The Quest for Participating to Global Value Chain in Sub-Sahara Africa: An Analysis of Determining Factors Using a Spatial Panel Model. J. Finance Account. 2024, 12(3), 58-66. doi: 10.11648/j.jfa.20241203.11
AMA Style
Gueyea A, Diopb AN, Ndiayec MBO. The Quest for Participating to Global Value Chain in Sub-Sahara Africa: An Analysis of Determining Factors Using a Spatial Panel Model. J Finance Account. 2024;12(3):58-66. doi: 10.11648/j.jfa.20241203.11
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Download@article{10.11648/j.jfa.20241203.11,
author = {Adama Gueyea and Allé Nar Diopb and Mohamed Ben Omar Ndiayec},
title = {The Quest for Participating to Global Value Chain in Sub-Sahara Africa: An Analysis of Determining Factors Using a Spatial Panel Model
},
journal = {Journal of Finance and Accounting},
volume = {12},
number = {3},
pages = {58-66},
doi = {10.11648/j.jfa.20241203.11},
url = {https://doi.org/10.11648/j.jfa.20241203.11},
eprint = {https://article.sciencepublishinggroup.com/pdf/10.11648.j.jfa.20241203.11},
abstract = {This paper aims to determine the factors that influence the participation of the Sub-Saharan Africa countries in the global value chain (GVC). The paper use of a spatial panel Model to show that the variability of participation in the global value chain is explained by the total factor productivity, the dollar rate, the terms of trade, the type of economic zone and the degree of integration of countries into the Global Economy (Globalization). Empirical evidence displays a positive link between the total factor productivity growth and the participation in the global value chain. The rise of the Dollar against the Euro strengthens the participation in the global value chain. The deterioration of the terms of trade decreases participation in the global value chain. Special Economic Zones have a positive effect on the global value chain. On the other hand, a significant negative relationship between the free trade zones and participation in the GVC is observed. Finally, with the exception of the Economic Globalization Index and Political Index, all the other indexes have a positive and significant impact on participation in the GVC. The Sub-Saharan African countries have an interest in becoming more integrated into the globalization of trade, information technology and finance. They must also promote economic and political integration.
},
year = {2024}
}
TY - JOUR T1 - The Quest for Participating to Global Value Chain in Sub-Sahara Africa: An Analysis of Determining Factors Using a Spatial Panel Model AU - Adama Gueyea AU - Allé Nar Diopb AU - Mohamed Ben Omar Ndiayec Y1 - 2024/07/23 PY - 2024 N1 - https://doi.org/10.11648/j.jfa.20241203.11 DO - 10.11648/j.jfa.20241203.11 T2 - Journal of Finance and Accounting JF - Journal of Finance and Accounting JO - Journal of Finance and Accounting SP - 58 EP - 66 PB - Science Publishing Group SN - 2330-7323 UR - https://doi.org/10.11648/j.jfa.20241203.11 AB - This paper aims to determine the factors that influence the participation of the Sub-Saharan Africa countries in the global value chain (GVC). The paper use of a spatial panel Model to show that the variability of participation in the global value chain is explained by the total factor productivity, the dollar rate, the terms of trade, the type of economic zone and the degree of integration of countries into the Global Economy (Globalization). Empirical evidence displays a positive link between the total factor productivity growth and the participation in the global value chain. The rise of the Dollar against the Euro strengthens the participation in the global value chain. The deterioration of the terms of trade decreases participation in the global value chain. Special Economic Zones have a positive effect on the global value chain. On the other hand, a significant negative relationship between the free trade zones and participation in the GVC is observed. Finally, with the exception of the Economic Globalization Index and Political Index, all the other indexes have a positive and significant impact on participation in the GVC. The Sub-Saharan African countries have an interest in becoming more integrated into the globalization of trade, information technology and finance. They must also promote economic and political integration. VL - 12 IS - 3 ER -
Department of Economics, University Cheikh Anta Diop (UCAD), Dakar, Senegal
Department of Economics, University Cheikh Anta Diop (UCAD), Dakar, Senegal
Department of Economics, Institute of Public Policy at the University Cheikh Anta Diop (UCAD), Dakar, Senegal
