Industry and economic growth: evidences for developed and developing countries

Flavio Vilela Vieira (), Ana Paula Avellar () and Michele Polline Veríssimo ()

Brazilian Journal of Political Economy, 2014, vol. 34, issue 3, 485-502

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.

Keywords: Industry and Manufacture Share to GDP; Industrial Employment; Economic Growth; Panel Data Analysis (search for similar items in EconPapers)
Date: 2014
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