Does fiscal policy influence industrialization in Sub-Saharan Africa? An explanation using the staggered lag autoregressive (ARDL) panel approach
Using a panel ARDL model on 24 Sub-Saharan African countries from 1994 to 2018, this study finds that fiscal policy and financial openness positively drive industrialization, while the services and agriculture sectors hinder manufacturing value added, suggesting a need to prioritize public investment in infrastructure, education, and health.