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Economic Transformation in Sub-Saharan Africa (Volume II): Institutions and Sectoral Productivity

In: Economic Transformation in Sub-Saharan Africa, Volume II

Author

Listed:
  • Ayodotun Stephen Ibidunni

    (James Hope Business School, James Hope University, Department of Innovation, Intrapreneurship, and Entrepreneurship)

  • Evans S. Osabuohien

    (Covenant University, Centre for Economic Policy and Development Research (CEPDeR)
    DePECOS Institutions and Development Research Centre (DIaDeRC))

Abstract

The economic transformation of Sub-Saharan Africa (SSA) has been a paramount focus for academics and practitioners because the importance for socio-economic development. Economic transformation is understood as the shift from low to high productivity sectors, a process that requires strong institutions. However, the level of economic transformation in SSA economies is limited due to a number of factors. Thus, this volume explores the relationship between institutions and sectoral productivity in SSA, emphasising the need for policies that integrate informal economy players into the formal structure to enhance socio-economic development. The findings suggest that strong governance, aligned policies, and the inclusion of informal sector innovations are crucial for improving productivity and achieving sustainable economic transformation in SSA.

Suggested Citation

  • Ayodotun Stephen Ibidunni & Evans S. Osabuohien, 2026. "Economic Transformation in Sub-Saharan Africa (Volume II): Institutions and Sectoral Productivity," Springer Books, in: Ayodotun Stephen Ibidunni & Evans S. Osabuohien (ed.), Economic Transformation in Sub-Saharan Africa, Volume II, pages 1-9, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-77817-9_1
    DOI: 10.1007/978-3-031-77817-9_1
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