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Title:Manufacturing and economic development PDF Logo
Authors:Szirmai, Adam
Issue Date:2011
Series/Report no.:Working paper // World Institute for Development Economics Research 2011,75
Abstract:This paper examines the theoretical and empirical evidence for the hypothesis that manufacturing is the main engine of growth in developing countries. The paper opens with an overview of the main arguments supporting the engine of growth hypothesis and then examines each of these arguments using a mix of statistical analysis of secondary data and secondary literature. The paper concludes that manufacturing will continue to be important in accelerating growth and achieving catch-up in developing countries. However, compared to the past 60 years, market service sectors will become relatively more important as potential sources of growth and catch up.
Subjects:structural change
manufacturing
engine of growth
catch-up
JEL:O14
N6
ISBN:978-92-9230-442-3
Document Type:Working Paper
Appears in Collections:WIDER Working Papers, United Nations University (UNU)

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