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Structural Change and Economic DynamicsVolume 34, September 01, 2015, Pages 46-59

Manufacturing and economic growth in developing countries, 1950-2005(Article)(Open Access)

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  • aMaastricht Economic and Social Research and Training Centre on Innovation and Technology, United Nations University (UNU-MERIT), Maastricht, Netherlands
  • bSchool of Business and Economics, Maastricht University, Maastricht, Netherlands

Abstract

Historically, manufacturing has functioned as the main engine of economic growth and development. However, recent research raises questions concerning the continued importance of the manufacturing sector for economic development. We re-examine the role of manufacturing as a driver of growth in developed and developing countries in the period 1950-2005. We find a moderate positive impact of manufacturing on growth. We also find interesting interaction effects of manufacturing with education and income gaps. In a comparison of the subperiods, it seems that since 1990, manufacturing is becoming a more difficult route to growth than before. © 2015 Elsevier B.V.

Author keywords

DevelopmentEconomic growthIndustrialisationManufacturing sector

Indexed keywords

GEOBASE Subject Index:developing worldeconomic developmenteconomic growtheconomic historyindustrializationmanufacturing
  • ISSN: 0954349X
  • Source Type: Journal
  • Original language: English
  • DOI: 10.1016/j.strueco.2015.06.002
  • Document Type: Article
  • Publisher: Elsevier

  Szirmai, A.; UNU-MERIT, PO Box 616, Maastricht, Netherlands
© Copyright 2015 Elsevier B.V., All rights reserved.

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