Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298256 
Year of Publication: 
2023
Series/Report no.: 
AGDI Working Paper No. WP/23/065
Publisher: 
African Governance and Development Institute (AGDI), Yaoundé
Abstract: 
This study investigated two key questions: what is the impact of industrialisation on urbanisation in Africa? and to what extent does financial development affect this industrialisation- urbanisation nexus? To elicit answers to these questions, data from thirty-three (33) African countries over a period of twenty-eight (28) years were analysed using a dynamic panel estimator. The findings showed that industrialisation had positive and significant effects on urbanisation. Further, the study shows that financial development had a positive effect on urbanisation, although it lowers the positive effect of industrialisation on urbanisation. Hence, industrial policies, particularly those with marked job creation possibilities, should be accompanied by well-designed urban planning policies in order to sidestep the adverse socio-economicconsequences connected with the development of slums in urban areas.
Subjects: 
Urbanisation
Industrialisation
Financial Development
Africa
JEL: 
G2
L16
O18
N17
Document Type: 
Working Paper

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