What question did this study set out to answer?

This research aims to assess how diversifying exports across different sectors influences economic growth in oil-producing African countries.

June 14, 2026

The impact of diversification of economic sector exports on economic growth in oil producing African countries

Key Points

This research aims to assess how diversifying exports across different sectors influences economic growth in oil-producing African countries.
Panel Generalized Method of Moments (GMM) was utilized for estimating impact.
The Johansen Fisher Panel Co-integration Test was used to identify long-term relationships among variables.
Data was analyzed from 1990 to 2023 across 18 resource-rich nations.
Diversification in agricultural exports negatively affects economic growth.
Diversification in manufacturing and service sectors shows no significant impact on growth.
Recommendations include adopting mechanized farming and developing industries for raw material transformation.

Abstract

Purpose This research examines the impact of export diversification across various economic sectors on Africa's economic growth from 1990 to 2023, focusing on 18 resource-rich nations. Design/methodology/approach Panel Generalized Method of Moments (GMM) was used for estimation. Findings The Johansen Fisher Panel Co-integration Test revealed long-term relationships among the variables. Results indicate that diversification in agricultural exports negatively affects economic growth, while diversification in manufacturing and service sectors has no significant impact. Originality/value The study recommends that governments adopt mechanized farming, develop industries for raw material transformation, and enhance service sectors to improve economic contributions.

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