The Empirics of Economic Growth and Industrialization Using Growth Identity Equation

Tung Liu () and Kui-Wai Li ()
Additional contact information
Tung Liu: Department of Economics, Ball State University

No 201501, Working Papers from Ball State University, Department of Economics

Abstract: This study examines the determinants of economic growth and industrialization based on the Growth Identity Equation. This identity links total output growth with the performance of the three economic sectors (agriculture, industry and services) measured by their sectorial rates of output growth and weighted by each sector’s output share in GDP. Using the data from 164 countries from 1970 to 2010 our study examines and explains economic growth and industrialization with economic, institutional, and other variables. We identify the causal variables for industrialization that are reflected in the structural shifts of the output ratios in the three sectors.

Keywords: Economic growth; industrialization; economic development; world economy; economic sectors; Growth Identity Equation (search for similar items in EconPapers)
JEL-codes: C22 O11 O50 (search for similar items in EconPapers)
Pages: 51 pages
Date: 2015-06, Revised 2015-06
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
http://econfac.bsu.edu/research/workingpapers/bsuecwp201501liu.pdf First version, 2015 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bsu:wpaper:201501

Access Statistics for this paper

More papers in Working Papers from Ball State University, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Tung Liu ().