African Development Bank. 2014. African Economic Outlook 2014 – Global Value Chains and Africa’s Industrialization, AfDB, OECD and UNDP.
Cadot, Olivier, Celine Carrere, and Vanessa Strauss-Kahn. 2011. Export Diversification: What’s Behind the Hump?,Review of Economics and Statistics, 93: 590–605.
Collier, Paul and Stefan Dercon. 2014. African Agriculture in 50 Years: Smallholders in a Rapidly Changing World?,World Development, 63: 92–101.
Gaulier, Guillame, Gianluca Santoni, Daria Taglioni and Soledad Zignago. 2013. In the Wake of the Global Crisis. Evidence from a New Quarterly Database on Export Competitiveness, World bank Policy Research Working Paper, No. 6733, Washington DC.
Henn, Christian, Chris Papageorgiou, and Nikola Spatafora. 2013. Export Quality in Developing Countries, IMF Working Paper, No. 13/108, Washington DC.
Hausmann, Ricardo, Cesar A. Hidalgo, Sebastian Bustos, Michele Coscia, Alexander Simoes, and Muhammed A. Yildirim. 2014. The Atlas of Economic Complexity – Mapping Paths to Prosperity, Cambridge MA: MIT Press.
Hooley, John and Monique Neviak. 2016. Structural Transformation and Diversification, in A. Kireyev (ed.) Building Integrated Economies in West Africa – Lessons in Managing Growth, Inclusiveness, and Volatility, Washington DC: International Monetary Fund.
IMF. 2014. Sustaining Long-Run Growth and Macroeconomic Stability in Low-Income Countries—The Role of Structural Transformation and Diversification,IMF Policy Paper, March, Washington DC.
IMF. 2016. Trade Integration and Global Value Chains in Sub-Saharan Africa – In Pursuit of the Missing Link, African Department Working Paper, Washington DC.
Johnson, Simon, Jonathan Ostry and Arvind Subramanian. 2010. Prospects for Sustained Growth in Africa: Benchmarking the Constraints, IMF Staff Papers, 57(1): 119–171.
McMillan, Margaret, and Derek Headey. 2014. Introduction - Understanding Structural Transformation in Africa,World Development, 63: 1–10.
McMillan, Margaret, Dani Rodrik, and Inigo Verduzco-Gallo. 2014. Globalization, Structural Change, and Productivity Growth, with an Update on Africa,World Development, 63: 11–32.
See McMillan and Headey (2014) and works cited therein for an overview of structural transformation, with a focus on Africa.
Some of these elements were already discussed in the Rapport national sur la competitivite du Senegal (Ministère de l’Economie et des Finances du Senegal 2011).
The list of fast growing SSA countries is defined based on per capita real GDP growth over 1990-2015, and it excludes from the rankings resource rich countries. The group includes Cabo Verde, Ethiopia, Lesotho, Mauritius, Mali, Mozambique, Rwanda, Swaziland, Seychelles, and Uganda.
The Export Competitiveness Database encompasses quarterly information on year-on-year export growth from 2006q1 to 2013q1 for 228 countries. It is based on monthly and quarterly bilateral trade data available for 5,300 products of the Harmonized System (HS at 6-digit level). The database contains a set of five indicators with information on export performance, measured as a relative change between period t-1 and periodt. In particular, it contains indices of export growth, export market share change, changes in geographical and sectoral specialization (composition effects) and the export performance, i.e. changes in export market share growth once sectoral and geographical composition effects have been removed. See Gaulier et al. (2013) for a broader discussion of the export performance decomposition ad for stylized facts across regions.
Products such as chemicals and machinery are said to be highly complex, because they require a sophisticated level of productive knowledge and typically emerge from large organizations where a number of highly skilled individuals interact. Whereas products, such as raw materials or simple agricultural products, require only a basic level of know-how and can be produced by an individual or family-run business.