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Manufacturing and economic growth in developing countries, 1950–2005

Adam Szirmai () and Bart Verspagen

Structural Change and Economic Dynamics, 2015, vol. 34, issue C, 46-59

Abstract: Historically, manufacturing has functioned as the main engine of economic growth and development. However, recent research raises questions concerning the continued importance of the manufacturing sector for economic development. We re-examine the role of manufacturing as a driver of growth in developed and developing countries in the period 1950–2005. We find a moderate positive impact of manufacturing on growth. We also find interesting interaction effects of manufacturing with education and income gaps. In a comparison of the subperiods, it seems that since 1990, manufacturing is becoming a more difficult route to growth than before.

Keywords: Economic growth; Development; Industrialisation; Manufacturing sector (search for similar items in EconPapers)
JEL-codes: O10 O14 O40 (search for similar items in EconPapers)
Date: 2015
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Working Paper: Manufacturing and Economic Growth in Developing Countries, 1950-2005 (2011) Downloads
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Structural Change and Economic Dynamics is currently edited by F. Duchin, H. Hagemann, M. Landesmann, R. Scazzieri, A. Steenge and B. Verspagen

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