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The contribution of economic sectors to economic growth: The case of COMESA countries

Author

Listed:
  • Hassane Mahamad VELONJARA
  • Ladson Pires ANDRADE

    (COMESA region)

Abstract

This research examines the contribution of the Economic Sector, such as the agriculture, industry, service and FDI to Economic Growth in COMESA countries. A balanced panel data has been used over the period 2000-2019 for 12 COMESA countriessuch as Burundi, Comoros, the Democratic Republic of Congo, Egypt, Madagascar, Malawi, Mauritius, Rwanda, Seychelles, Uganda, Zambia, and Zimbabwe. The ARDL resultsshowed that in the short-run all the economic sector has a positive contribution to the GDP growth. Meanwhile, in the long-term the agriculture sector and FDI do not contribute to the economic growth of those selected countries; but the service and industry sector will have a great influence on the GDP. Therefore, the error correction model was used to analyze the long-term effect of agriculture, industry, service and FDI on GDP. The results suggest that in the short run, the agricultural sector and FDI have a positive effect on growth; in addition, the service and industrial sectors have a long-standing effect on GDP growth in countries of COMESA. Finally, we conclude with some recommendations

Suggested Citation

  • Hassane Mahamad VELONJARA & Ladson Pires ANDRADE, 2020. "The contribution of economic sectors to economic growth: The case of COMESA countries," Journal of Economics Library, EconSciences Journals, vol. 7(4), pages 176-187, December.
    • Handle: RePEc:cvv:journ5:v:7:y:2020:i:4:p:176-187
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    References listed on IDEAS

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    1. Courage Mlambo & Peter Mukarumbwa & Ebenezer Megbowon, 2019. "An investigation of the contribution of processed and unprocessed agricultural exports to economic growth in South Africa," Cogent Economics & Finance, Taylor & Francis Journals, vol. 7(1), pages 1694234-169, January.
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    Keywords

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    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • F62 - International Economics - - Economic Impacts of Globalization - - - Macroeconomic Impacts
    • N17 - Economic History - - Macroeconomics and Monetary Economics; Industrial Structure; Growth; Fluctuations - - - Africa; Oceania
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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