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Industry and economic growth: evidences for developed and developing countries

Author

Listed:
  • Flavio Vilela Vieira

    (Professor do Instituto de Economia da Universidade Federal de Uberlândia - UFU, Uberlândia, Brasil.)

  • Ana Paula Avellar

    (Professora do Instituto de Economia da Universidade Federal de Uberlândia – UFU,)

  • Michele Polline Veríssimo

    (Professora do Instituto de Economia da Universidade Federal de Uberlândia – UFU,)

Abstract

The work develops an empirical investigation on the relevance of industry / GDP, manufacture / GDP and industrial employment / total employment on long run growth using panel data. The results indicate the existence of a direct and significant relation for industry (manufacture) share to GDP and industrial employment for long run growth. The annual impact on growth of a 10% increase, over a five year period, in the industry share to GDP (manufacture share to GDP) ranges from 0.19% to 0.32% (0.2% to 0.4%) and for the industrial employment / total employment it varies from 0.3% to 0.5%. JEL Classification: O40; L16; C23.

Suggested Citation

  • Flavio Vilela Vieira & Ana Paula Avellar & Michele Polline Veríssimo, 2014. "Industry and economic growth: evidences for developed and developing countries," Brazilian Journal of Political Economy, Center of Political Economy, vol. 34(3), pages 485-502, July.
    • Handle: RePEc:ekm:repojs:v:34:y:2014:i:3:id:95405
    DOI: 10.1590/0101-3157-2014-2323
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    Keywords

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    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models

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