مساهمة قطاعي الزراعة و الصناعة في النمو الاقتصادي و التنمية في الاقتصاد الفلسطيني خلال الفترة 1968-2012

The Contribution of the Agricultural and Industrial Sectors to Economic Growth and Development in the Palestinian Economy:1968-2012

Gaber Abugamea

MPRA Paper from University Library of Munich, Germany

Abstract: This study investigates the contribution of agriculture and industry sectors to economic growth and development in Palestine for the period 1968-2012. It sets a modeling connects economic growth once and economic development another one to contribution of the main production sectors, agriculture and industry. Moreover, it employs OLS estimation procedures on First Difference of the involved variables due to nonstationarity of variables in case of using Augmented Dicky Fuller (ADF) tests. Estimation results show that industrial sector is contributing higher than agriculture sector on economic growth though both possessed a significant positive impact on economic growth. Noticeably, we found that only agriculture sector impacted economic development significantly. Meanwhile both sectors jointly are main determinants of economic growth and development. Study recommends a number of policies aiming at pushing towards a balanced effective development.

Keywords: : Agriculture & Industry Sectors; Economic Growth; Development; OLS; Palestine (search for similar items in EconPapers)
JEL-codes: L6 O1 O4 Q1 (search for similar items in EconPapers)
Date: 2018-10-31, Revised 2018
New Economics Papers: this item is included in nep-ara
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