Date of Award
Spring 5-5-2025
Document Type
Thesis
Degree Name
Bachelor of Arts (BA)
Department
Economics
First Advisor
Monica Das
Abstract
This study explores how employment in services, urbanization, household consumption, government consumption, and foreign direct investment (FDI) affect service value added in Africa. The results from the fixed effects panel regression with data from 1993-2023 indicate that government spending has a significant and positive effect on service value added throughout the continent. Additionally, the results showed that the model fit well in the North African region, but showed little statistical significance in West and East Africa. This is likely due to the difference in levels of development, where North Africa has the infrastructure and skilled labour available for the service sector to thrive.
Recommended Citation
Mabuza, Siyabonga Langelihle, "Driving Africa’s Economic Transformation: Determinants of Service Sector Growth" (2025). Economics Student Theses and Capstone Projects. 176.
https://creativematter.skidmore.edu/econ_studt_schol/176