What Drives Structural Transformation in Sub‐Saharan Africa?

Abstract

Abstract This paper provides an empirical assessment of the driving forces behind structural transformation in sub‐Saharan Africa, and to further access the role of structural reforms in accounting for cross‐country differences in transformation. Evidence from this paper reveals that country specific fundamentals, institutions and policy reforms as well as governance and fiscal reforms are the key drivers of transformation in the region. A set of policy strategies is proposed to engender sustained transformation and development in the region.