Industry and economic growth: evidences for developed and developing countries

Vol. 34 No. 3 (2014)

Jul-Sep / 2014
Published July 1, 2014
PDF-Portuguese (Português (Brasil))
PDF-Portuguese (Português (Brasil))

How to Cite

Vilela Vieira, Flavio, Ana Paula Avellar, and Michele Polline Veríssimo. 2014. “Industry and Economic Growth: Evidences for Developed and Developing Countries”. Brazilian Journal of Political Economy 34 (3):485-502. https://doi.org/10.1590/0101-3157-2014-2323.
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Industry and economic growth: evidences for developed and developing countries

Flavio Vilela Vieira
Professor do Instituto de Economia da Universidade Federal de Uberlândia - UFU, Uberlândia, Brasil.
Ana Paula Avellar
Professora do Instituto de Economia da Universidade Federal de Uberlândia – UFU,
Michele Polline Veríssimo
Professora do Instituto de Economia da Universidade Federal de Uberlândia – UFU,
Brazilian Journal of Political Economy, Vol. 34 No. 3 (2014), Jul-Sep / 2014, Pages 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