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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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