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FinTech has enabled various financial institutions to reach a larger and more diverse customer base, thus making the unbanked population financially inclusive. This paper aims to systematically review academic papers on Financial Inclusion and FinTech. A combination of these two themes, followed by a bibliometric and network analysis, is carried out for the period ranging from 2012 to 2021, encompassing 219 Scopus publications. The analysis shows that this topic has recently acquired interest and has sufficient potential to grow in the future. Further, the cluster analysis highlights five themes for FinTech researchers, namely: Financial Digital Technologies and MSMEs; Financial Innovation and Sustainable Development; Information Systems and Regulation of Mobile Money; FinTech and Digital Financial Inclusion; FinTech Adoption and Financial Literacy. Moreover, it is observed that a study evaluating the influence of Financial Literacy on FinTech Adoption, which leads to Financial Inclusion, would fill other research gaps in this study. [ABSTRACT FROM AUTHOR]

In the context of COVID-19, universities, national innovation systems (NIS) and global value chains (GVCs), this paper explores systemic barriers (trends and factors) that influence digital learning innovation (DLI) in Africa. The study used the PRISMA framework and Scopus data for a systematic literature review (SLR) and a bibliometric analysis spanning 2000–2021. It also mapped universities globally and in Africa based on Webometrics (Jan 2022) and the Global Innovation Index (Feb 2022) data using a typology. A broad SLR on digital learning extracted two African samples of 2,640 and 4,669. A narrow SLR on DLI, Innovation Systems (IS) and Innovation Barriers (IB) extracted 221 studies. The broad SLR showed that Africa (with the exception of South Africa continentally and Kenya regionally) lags globally in digital learning literature. It also identified country, affiliation (university) and funding sponsor as three possible factors that influence DLI. The narrow SLR revealed a gap in the literature on DLI – IS – IB and a low emphasis on GVCs. From the literature, this paper proposes a conceptual model spanning DLI – IS – IB and a typology of systemic barriers to inform future research. It also provides unique empirical data to inform DLI and GVC focused public policies. [ABSTRACT FROM AUTHOR]

Till now, studies have determined the existence of process innovation using survey data; however, in this paper, we use secondary data to empirically establish its presence in low-tech industries. Our empirical approach consists of data envelopement analysis in the first step followed by regression analysis in the second step. We use a cross-sectional dataset, i.e., Annual Survey of Industries, 2017–2018 for our study. Our results suggest that among Indian low-tech firms, investment in computer equipment and software is the most popular strategy to trigger process innovation followed by investment in plant and machinery. We find that these factors have a greater impact on firms that export products and import inputs, than on firms that export products but do not import inputs. In other words, the export-import orientation of firms induces a differential impact of these factors on process innovation. One policy implication from the study is that government should encourage and incentivize low-tech firms to improve the capabilities of its labour force. This is the first paper in the Indian context that uses secondary data to empirically determine the existence of process innovation in low-tech industries. [ABSTRACT FROM AUTHOR]

The purpose of this paper is to critically examine the corporate social responsibility (CSR) initiatives of multinational oil companies (MOCs) in Nigeria. Its special focus is to investigate the impact of the global memorandum of understanding (GMoU) on enhancing rural women's financial inclusion in the areas of access to credit, insurance, propensity of women to save and the widening of economic opportunities in the Niger Delta. A total of 800 rural women were sampled across the Niger Delta region of Nigeria. Results from the use of a combined propensity score matching and logit model indicate that the GMoU model has made significant impact on closing the gaps in financial services, thereby removing women's constraints on their efforts to enhance their financial literacy. The results also confirm that innovative delivery channels and social networks of the GMoUs have reduced some costs in the areas of access to credit, insurance, propensity to save and the widening of economic opportunities of rural women in the oil host communities. However, a further look at the rural women's participation in the CSR activities using SCOTDI shows that even though the involvement of the women is appreciable, it is insignificant when compared with their male counterparts. [ABSTRACT FROM AUTHOR]

Research and experimental development (R&D) is an important driver of economic growth and productivity. Gross expenditure on domestic R&D (GERD) is a country's total expenditure on R&D performed by all sectors of the economy. South Africa's GERD as a percentage of its GDP (GERD/GDP) remains below government targets and has stagnated over the past decade, largely due to declining business sector R&D. This paper aims to identify the drivers of firm-level R&D intensity, defined as the firm's R&D expenditure as a percentage of turnover. It is the first South African study to examine both micro- and macro-economic drivers of firm R&D, with a paucity of literature on this topic for middle-income countries. Using the South African National R&D Survey data, the study utilized the Generalized Method of Moments (GMM) model and found that public financial support for firms, smaller firm-size, firm-level collaboration, political stability, foreign direct investment, and public R&D investment are positively associated with firm R&D intensity. The results highlight the importance of public financial support for smaller firms and investments in higher education and research institutions in promoting firm-level R&D, thereby providing useful policy insights for boosting business sector and economy-wide R&D expenditure and reaching national GERD/GDP targets. [ABSTRACT FROM AUTHOR]

Using the South African Revenue Service and National Treasury firm-level panel data for 2009–2017, this paper investigates how trade related to the global value chain (GVC) affects the performance of manufacturing firms in South Africa. The paper uses extant classifications of internationally traded products to identify different categories of GVC-related products and compares the productivity premium of international traders for these different categories. Also, the paper investigates possible differences in learning-by-exporting effects across the identified categories of GVC-related products by estimating the effect of exporting before and after entry into foreign markets. The results confirm that GVC-related trade is associated with a higher productivity premium compared with traditional trade. However, within the categories of exporters, only the firms that trade in GVC-related products and simultaneously engage in research and development in the post-entry periods appear to learn from exporting. Our results underscore the gains of GVC integration in terms of the associated productivity premia and highlight the need for GVC-integrated firms to invest in building technological capacity. [ABSTRACT FROM AUTHOR]

This article contributes to the growing literature on technological upgrading along global value chains, by focusing on the adoption of automation and digital technologies at different functional stages of the automotive value chain. It explores the constant tension that firms in emerging economies face between linking up to international trade and ensuring the upgrading of indigenous firms, which depends on the relationship between lead international firms’ operations and capabilities at the local level. Drawing on extensive qualitative research in South Africa, including 39 interviews and observations at the shopfloor level, this paper examines the determinants for automation and digital technologies adoption. The finding extends existing knowledge of technological upgrading along global value chains, by examining both final assemblers and lower-tier suppliers. Four production specific drivers are identified: volume, quality, material-led adoption, and ergonomics. This paper suggests policymakers should consider sector heterogeneity and specific sector-technology combinations when designing policies to sustain digitalization and production upgrade. [ABSTRACT FROM AUTHOR]

Firm-level innovation in sub-Saharan Africa remains under-researched. To address this gap, this paper examines the obstacles to innovation faced by small, micro, and medium-sized enterprises (SMMEs) in South Africa. Using the 2018 Business Innovation Survey, we apply the double-hurdle model to investigate factors determining a firm's decision to invest, and the intensity of innovation. Our results show that cost and institutional obstacles were significantly more important as disincentive factors for medium-sized enterprises while knowledge obstacles were significant disincentive factors for large enterprises. In addition, market obstacles hampered investment among large enterprises. Interestingly, none of these factors was found to deter innovation intensity among small and micro enterprises. The study findings suggest that there is no one-size-fits-all approach to innovation policy and intervention programmes to support innovation within firms of different sizes. [ABSTRACT FROM AUTHOR]

This paper investigates the impact of participation in innovation platforms (IPs) on smallholder maize farmers' welfare in the Brong Ahafo region of Ghana using data collected from 477 rural farm households. We employed the doubly robust inverse probability weighted regression adjustment method (IPWRA) and propensity score matching (PSM) approach to examine the impact of IP participation on yield, income, and per capita consumption expenditure. The empirical results show that age, farming experience, farm size, land ownership, and credit access are the main determinants of participation in IPs in Ghana. In addition, the results show that participation in IPs increases yields and household income and reduces per capita expenditure of smallholder maize farmers in Ghana. Furthermore, the advantages of engaging in the IPs go beyond the traditional extension service delivery approach. This highlights the importance of policymakers and agricultural development agencies in developing nations to establish policies that encourage the establishment of IPs and promote their involvement among small-scale farmers, resulting in better living standards. [ABSTRACT FROM AUTHOR]

In recent years, the provision of government services through electronic platforms has significantly increased due to the rapid development of digital technologies. The significant shift in digital governance is expected to have an effect on key macroeconomic variables through its speed, efficiency, and convenience. Therefore, this study empirically evaluates the effects of e-government development on foreign direct investment inflows by targeting sub-Saharan African (SSA) countries. The study covers the panel data of periods 2003–2022 for 44 SSA countries. The data were analyzed using both descriptive and econometric techniques with STATA 17 software. According to the System GMM model used in the study, e-government is a significant factor that positively affects FDI inflows, and scale neutral that significantly benefits both less growing and more growing economies. Furthermore, the result from threshold analysis shows that the positive effect of e-government on FDI inflows is influenced by the development of telecommunication infrastructure. The key insight for policy arising from this paper is that in addition to the macroeconomic factors, FDI inflows are affected by digital transformation and technology-augmented government services. Therefore, development interventions should emphasize the improvement of such institutional and technological systems to enhance FDI inflows to the region. [ABSTRACT FROM AUTHOR]

The South African bioeconomy strategy did not clearly articulate the measurement framework to monitor the implementation of the strategy. This paper provides an analysis of bioeconomy patents, the most prolific organizations and citations at the EPO and USPTO for South Africa, BRICS, Egypt and Nigeria during the Ten-Year Innovation Plan 2008–2018. The terms 'biotechnology', 'medical technology', 'pharmaceuticals' and 'selected environment-related technologies' were used to search for patents. The OECD patents by technology, the EPO PATSTAT and the USPTO PatFT databases were used to map patents and citations. The results show that South Africa ranked last in the BRICS group but produced a higher number of patents than Egypt and Nigeria. The number of patents generally decreased for the selected countries except for China. The total citations for the selected countries was generally inconsistent. The important innovators for South Africa in the bioeconomy are mainly universities and public research institutions. A new fiscal approach to encourage knowledge application in bioeconomy in South Africa is required. Incentives from government that encourage collaboration between research institutions and industry to direct research with industry application are required. The study contributes to the development of metrics to monitor the bioeconomy in South Africa. [ABSTRACT FROM AUTHOR]

The paper explores the relationship between innovation systems (IS) and participation in value chains (VCs) to understand the challenges concerning upgrading of an industrial cluster in a developing country. It is argued that the inter-linkages of various actors, organizations and institutions at one or more levels (MLs), viz., micro level (local), meso level (national) and macro level (global) led the firms in the industrial cluster to participate in one or more VCs, i.e., local, regional and global VCs, upgrading the cluster over time, which we termed as 'Cluster Upgrading System' (CUS). In this context, a case of one of the oldest industrial cluster producing sports goods in Jalandhar, India is examined. The analysis is based upon the information gathered through a primary survey of 45 firms. It was found that the cluster is largely labour intensive in nature and is facing challenges of competing with both low-cost clusters and technological advanced clusters, raising fears of it slipping into a low value-added trap. We found a lack of inter-linkages amongst firms, and their relationship with training and financial institutes that hampers mutual learning for upgrading the whole cluster, indicating some necessary policy implications. [ABSTRACT FROM AUTHOR]

The observed low level of information and communication technology (ICT) usage among micro, small, and medium-sized enterprise (MSME) firms in many African countries may serve as a major constraint to their productivity. The productivity of service and manufacturing firms is impacted differently due to this low uptake of ICT. This paper seeks to examine the differential effects of ICT on MSMEs' productivity in emerging African economies, specifically Egypt and Nigeria. This study evaluates the effects of ICT on MSMEs' productivity across different sectors (services and manufacturing), by size and aggregated. The estimated results support the positive impact of MSMEs' website presence and use of email on their productivity, though the magnitude varies across different analyses and sectors. This appears to support the differential sectoral impacts of ICT on MSMEs' productivity across countries in emerging markets. Specifically, this study finds evidence for a higher impact of firms' website presence on productivity in the manufacturing sector than the services sector across emerging economies. The study, therefore, recommends that emerging markets economies that want to implement appropriate national technology policies to enhance their firms' productivity should always consider their differential effects on various sectors, as universal ICT policies may not achieve the desired objectives. [ABSTRACT FROM AUTHOR]