Manufacturing growth accelerations in developing countries

Autor:	Marco Sanfilippo, Anirudh Shingal, Nobuya Haraguchi, Bruno Martorano
Přispěvatelé:	RS: GSBE MGSoG, Maastricht Graduate School of Governance, RS: FSE MGSoG
Jazyk:	angličtina
Rok vydání:	2019
Předmět:	Macroeconomics Economics growth Geography Planning and Development industrialization Developing country Sample (statistics) developing countries Development Investment (macroeconomics) Human capital Industrialisation Sociology Probit model Capital (economics) Openness to experience
Zdroj:	Review of development economics Review of Development Economics, 23(4), 1696-1724. Wiley
ISSN:	1363-6669
DOI:	10.1111/rode.12621
Popis:	First published:16 September 2019 This paper investigates the factors driving manufacturing growth accelerations in a sample of 134 developing countries over the period 1970 to 2014. We first identify growth acceleration episodes of manufacturing value added (MVA) by their year of initiation and according to a country's income classification. We then estimate a probit model to explain what factors predict these MVA growth accelerations. Our results show that human capital and institutions represent contextual factors that favor the growth of manufacturing, together with macroeconomic policies related to investment, and openness to foreign trade and capital. We also find that most of these factors not only foster episodic accelerations of industry, but they contribute as well to a sustained process of industrialization that characterized the process of economic growth of a few successful countries over the period 1970 to 2014. Government of Japan through the Development Cooperation Trust Fund
Databáze:	OpenAIRE
Externí odkaz:	https://explore.openaire.eu/search/publication?articleId=doi_dedup___::f486deb92ab012b478fac091efbd93b4 https://doi.org/10.1111/rode.12621 Zobrazit plný text záznamu Plný text ve formátu PDF Plný text ve formátu HTML
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