Sustainable development outcomes of tech-based industrialization in emerging markets

Bibliographic Data

ID22430898
AuthorsGermain Stephane Ketchoua (0000-0001-7369-1760, University of Johannesburg, corresponding author), Muhamadu Awal Kindzeka Wirajing (0000-0001-6151-4417, Université de Dschang), Jean-Claude Mousseuknadji Kouladoum (University of N'Djamena)
Year2026
Volume18
Issue2
Pages141-166
Publication date2026-02-23
Open AccessYes
TypeARTICLE
VenueAfrican Journal of Science, Technology, Innovation and Development (JOURNAL)
Journal identifiersISSN: 2042-1338 • E-ISSN: 2042-1346
PublisherInforma UK Limited (PUBLISHER • GB)
DOI10.1080/20421338.2026.2621422
OpenAlexW7133703755
LanguageEN
References cited55

Industrialization is vital for economic growth, producing goods using technology, skilled labour, and efficient processes, driving innovation and employment. This study scrutinizes government spending and financial inclusion on the relationship between tech-intensive manufacturing value added and sustainable development in emerging and developing countries. We define technology intensity by the proportion of Medium-High Technology (MHT) manufacturing within total Manufacturing Value Added (MVA), as well as the proportion of low-tech manufacturing in total MVA. The investigation explores the connection within a group of 92 developing and emerging economies spanning from 1990 to 2021. We employed the Fixed effect (FE) and Generalized Method of Moments (GMM) strategy approaches to ensure robust empirical insights. We observed that sustainable development is positively influenced by the MHT manufacturing industries, whereas LT industries exert a detrimental impact on sustainable development. Moreover, government spending and robust financial institutions have the potential to mitigate the impact of MHT and LT manufacturing on sustainable development. These findings remain consistent after accounting for income bracket. The study recommends policymakers in developing economies increase government expenditures and establish policies that promote financial infrastructures, boosting financial literacy and inclusion, as manufacturing industries’ channels toward attaining sustainable development.

Emerging markets · Emerging technologies · Industrialisation · Sustainability · Sustainable development · Asian Industrial and Economic Development · Indian Economic and Social Development · Innovation and Socioeconomic Development

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