{"title":"Manufacturing and Economic Growth in Selected MENA Countries: A Kaldorian Approach","authors":"Nisreen Mousa, Abdallah Nassereddine","doi":"10.1007/s11294-024-09910-4","DOIUrl":null,"url":null,"abstract":"<p>The empirical literature on Kaldor’s laws includes very few studies applied to the Middle East and North Africa. Those that examine the role of manufacturing in the growth process in the context of the region are almost nonexistent. This paper fills the gap and investigates the role of manufacturing growth in selected Middle Eastern and North African countries using panel data analysis from 2007 to 2019. The study tests Kaldor’s three laws to identify the role of manufacturing in economic growth. The first law of Kaldor indicates that the growth rate of the manufacturing sector is strongly and positively related to the growth rate of the economy. The second law of Kaldor, also known as the Kaldor-Verdoorn law, shows the relationship between productivity in manufacturing and manufacturing output. The third law states that a rise in overall productivity in an economy has a positive effect on output in manufacturing. Using data from the World Development Indicators, an empirical analysis using the system generalized method of moments is performed in a sample of 13 Middle Eastern and North African countries. The results provide strong support for the three laws in the Middle East and North Africa, demonstrating that output growth in the manufacturing sector is critical for generating economic growth and increasing productivity.</p>","PeriodicalId":45656,"journal":{"name":"International Advances in Economic Research","volume":null,"pages":null},"PeriodicalIF":1.1000,"publicationDate":"2024-08-12","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"International Advances in Economic Research","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.1007/s11294-024-09910-4","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
The empirical literature on Kaldor’s laws includes very few studies applied to the Middle East and North Africa. Those that examine the role of manufacturing in the growth process in the context of the region are almost nonexistent. This paper fills the gap and investigates the role of manufacturing growth in selected Middle Eastern and North African countries using panel data analysis from 2007 to 2019. The study tests Kaldor’s three laws to identify the role of manufacturing in economic growth. The first law of Kaldor indicates that the growth rate of the manufacturing sector is strongly and positively related to the growth rate of the economy. The second law of Kaldor, also known as the Kaldor-Verdoorn law, shows the relationship between productivity in manufacturing and manufacturing output. The third law states that a rise in overall productivity in an economy has a positive effect on output in manufacturing. Using data from the World Development Indicators, an empirical analysis using the system generalized method of moments is performed in a sample of 13 Middle Eastern and North African countries. The results provide strong support for the three laws in the Middle East and North Africa, demonstrating that output growth in the manufacturing sector is critical for generating economic growth and increasing productivity.
期刊介绍：
International Advances in Economic Research (IAER) was established to promote the dissemination of economic and financial research within the international community. Founded in 1995 by the International Atlantic Economic Society, a need was identified to provide the latest research on today''s economic policies and tomorrow''s economic and financial conditions. Economists can no longer be concerned with professional developments only in their home country. Research by scholars in one country can easily have implications for other countries, yet often vital results are not shared. Economic restructuring in a shrinking world demands close analysis and careful interpretation. In IAER, authors from around the globe look at these issues, coming together in the cross-fertilization of multinational ideas. The journal provides economists, financial specialists, and scholars in related disciplines with much-needed opportunities to share their insights with worldwide colleagues. Policy-oriented, empirical, and theoretical research papers in all economic and financial areas are welcome, without regard to methodological preferences or school of thought. All manuscripts are submitted to a double-blind, peer review process.
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Officially cited as: Int Adv Econ Res
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