How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis
By utilising a nonstationary heterogeneous approach to uncover the dynamics between foreign trade participation and innovation levels in developing economies, this empirical study investigates how trade participation fuels innovation in 25 selected African countries. The African continent i...
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| Format: | Article |
| Language: | English |
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Faculty of Economics, Belgrade
2024-01-01
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| Series: | Ekonomski Anali |
| Subjects: | |
| Online Access: | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443093I.pdf |
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| _version_ | 1832581971533889536 |
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| author | Ijirshar Victor Ushahemba Okpe Isa Jibrin Andohol Jerome Terhemba |
| author_facet | Ijirshar Victor Ushahemba Okpe Isa Jibrin Andohol Jerome Terhemba |
| author_sort | Ijirshar Victor Ushahemba |
| collection | DOAJ |
| description | By utilising a nonstationary heterogeneous approach to uncover the dynamics
between foreign trade participation and innovation levels in developing
economies, this empirical study investigates how trade participation fuels
innovation in 25 selected African countries. The African continent is
experiencing significant economic growth and globalisation, making it
essential to understand the potential linkages between international trade
and innovation. Using a dynamic fixed effect estimator within the framework
of nonstationary heterogeneous panel models on panel data of 25 African
countries from 1996 to 2021, the study revealed that national income
significantly influences both exports and imports in the region. The study
also identified bidirectional causal links between industrial design
applications, patents, and trademarks with exports and imports, highlighting
the symbiotic relationship between innovation and trade engagement.
Successful exports are found to foster investments in design, patents, and
branding. Recommendations on the basis of these findings include fostering
innovation ecosystems through research institutes and collaborations,
developing balanced trade policies to support domestic industries and SMEs,
offering incentives for research and development, and strengthening trade
promotion agencies to assist businesses in navigating international markets,
identifying trade opportunities, and addressing export-import challenges. |
| format | Article |
| id | doaj-art-8fdb5ed182df43bbaebfda93d44f1b9b |
| institution | Kabale University |
| issn | 0013-3264 1820-7375 |
| language | English |
| publishDate | 2024-01-01 |
| publisher | Faculty of Economics, Belgrade |
| record_format | Article |
| series | Ekonomski Anali |
| spelling | doaj-art-8fdb5ed182df43bbaebfda93d44f1b9b2025-01-30T06:44:58ZengFaculty of Economics, BelgradeEkonomski Anali0013-32641820-73752024-01-01692439311610.2298/EKA2443093I0013-32642443093IHow trade participation fuels innovation in Africa: Unveiling insights through empirical analysisIjirshar Victor Ushahemba0https://orcid.org/0000-0002-9310-0750Okpe Isa Jibrin1https://orcid.org/0000-0002-5529-6553Andohol Jerome Terhemba2https://orcid.org/0000-0002-0518-4780Department of Economics, Benue State University, Makurdi, NigeriaDepartment of Economics, Benue State University, Makurdi, NigeriaDepartment of Economics, Benue State University, Makurdi, NigeriaBy utilising a nonstationary heterogeneous approach to uncover the dynamics between foreign trade participation and innovation levels in developing economies, this empirical study investigates how trade participation fuels innovation in 25 selected African countries. The African continent is experiencing significant economic growth and globalisation, making it essential to understand the potential linkages between international trade and innovation. Using a dynamic fixed effect estimator within the framework of nonstationary heterogeneous panel models on panel data of 25 African countries from 1996 to 2021, the study revealed that national income significantly influences both exports and imports in the region. The study also identified bidirectional causal links between industrial design applications, patents, and trademarks with exports and imports, highlighting the symbiotic relationship between innovation and trade engagement. Successful exports are found to foster investments in design, patents, and branding. Recommendations on the basis of these findings include fostering innovation ecosystems through research institutes and collaborations, developing balanced trade policies to support domestic industries and SMEs, offering incentives for research and development, and strengthening trade promotion agencies to assist businesses in navigating international markets, identifying trade opportunities, and addressing export-import challenges.https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443093I.pdfindustrial design applicationspatent applicationsresearch and development expendituretrade participationtrademark applications |
| spellingShingle | Ijirshar Victor Ushahemba Okpe Isa Jibrin Andohol Jerome Terhemba How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis Ekonomski Anali industrial design applications patent applications research and development expenditure trade participation trademark applications |
| title | How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis |
| title_full | How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis |
| title_fullStr | How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis |
| title_full_unstemmed | How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis |
| title_short | How trade participation fuels innovation in Africa: Unveiling insights through empirical analysis |
| title_sort | how trade participation fuels innovation in africa unveiling insights through empirical analysis |
| topic | industrial design applications patent applications research and development expenditure trade participation trademark applications |
| url | https://doiserbia.nb.rs/img/doi/0013-3264/2024/0013-32642443093I.pdf |
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