Disentangling services in developing regions: A test of Kaldor's first and second laws

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dc.contributor.authorDi Meglio Berg, Gisela Amanda
dc.contributor.authorGallego Martínez-Alcocer, Jorge
dc.date.accessioned2023-06-22T10:40:26Z
dc.date.available2023-06-22T10:40:26Z
dc.date.issued2022-12-04
dc.descriptionCRUE-CSIC (Acuerdos Transformativos 2021)
dc.description.abstractThe paper analyses the contribution of services vis-à-vis manufacturing as a driving force of economic growth in developing regions. In doing so, we test Kaldor´s first and second growth laws for different service categories, providing a comparative view across Asia, Latin America, and Africa. The work focuses attention on the importance of sector-level disaggregation in exploring the relationship between productivity and economic growth. Hence, it accounts for services sector heterogeneity to help to disentangle those specific branches that may fuel economic growth in the different regions. Panel data estimations are performed for a sample of 32 countries during 1970–2010. Our findings support the key role of manufacturing for growth. However, they also emphasise how market services (particularly, business service activities) may also enhance productivity and output growth ‘à la Kaldor’. The research supports recent claims for modernising industrial policy in a way that promotes but is not limited to manufacturing.
dc.description.departmentDepto. de Análisis Económico y Economía Cuantitativa
dc.description.departmentDepto. de Organización de Empresas
dc.description.facultyFac. de Ciencias Económicas y Empresariales
dc.description.refereedTRUE
dc.description.sponsorshipMinisterio de Ciencia e Innovación (MICINN)
dc.description.sponsorshipComunidad de Madrid
dc.description.statuspub
dc.eprint.idhttps://eprints.ucm.es/id/eprint/70256
dc.identifier.doi10.1016/j.strueco.2021.11.007
dc.identifier.issn0954-349X
dc.identifier.officialurlhttps://doi.org/10.1016/j.strueco.2021.11.007
dc.identifier.relatedurlhttps://www.sciencedirect.com/science/article/pii/S0954349X21001533#!
dc.identifier.urihttps://hdl.handle.net/20.500.14352/71295
dc.journal.titleStructural Change and Economic Dynamics
dc.language.isoeng
dc.page.final229
dc.page.initial221
dc.publisherElsevier
dc.relation.projectID(PID2020-112984GB-C21)
dc.relation.projectID(H2019/HUM-5761)
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttps://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.keywordServices
dc.subject.keywordStructural change
dc.subject.keywordEconomic growth
dc.subject.keywordProductivity
dc.subject.keywordDeveloping countries
dc.subject.ucmDesarrollo económico
dc.subject.ucmEmpresas
dc.subject.unesco5307.03 Modelos y Teorías del desarrollo Económico
dc.subject.unesco5307.04 Estudios del desarrollo Económico
dc.subject.unesco5311 Organización y Dirección de Empresas
dc.titleDisentangling services in developing regions: A test of Kaldor's first and second laws
dc.typejournal article
dc.volume.number60
dspace.entity.typePublication
relation.isAuthorOfPublicationa0f70420-3546-416a-a6d6-8663be5f53e2
relation.isAuthorOfPublication3a1cc213-093c-4bd9-b421-9dcb5926275b
relation.isAuthorOfPublication.latestForDiscoverya0f70420-3546-416a-a6d6-8663be5f53e2
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