Research Article

The impact of sectoral value added to economic growth in a developing country: The Zambian case

Volume: 6 Number: 3 November 30, 2023
Brian Muyambiri *
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The impact of sectoral value added to economic growth in a developing country: The Zambian case

Abstract

With the help of the ARDL bounds test approach, the analysis of the effect of sectoral value added on economic growth in Zambia was made for the period 1994 – 2021. It has been observed that agriculture, industry and service sectors have a positive effect on economic growth in the long run. The effect of imports on economic growth was negative as expected, while the manufacturing sector and exports were found to be insignificant. The same relationship between imports and growth is also found in the short run. All other independent variables were found to have no effect on economic growth in the short run. For this reason, promotion of agriculture, industry and service sectors should be given priority for long-term impact.

Keywords

Impact analysis , Agriculture , Industry , Service sector , Economic Growth

References

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Details

Primary Language

English

Subjects

Economics

Journal Section

Research Article

Authors

Publication Date

November 30, 2023

Submission Date

April 28, 2023

Acceptance Date

September 6, 2023

Published in Issue

Year 2023 Volume: 6 Number: 3

DOI

https://doi.org/10.58308/bemarej.1289111

IZ

https://izlik.org/JA49EM34DL

Cite

RIS / Bibtex
APA
Muyambiri, B. (2023). The impact of sectoral value added to economic growth in a developing country: The Zambian case. Business Economics and Management Research Journal, 6(3), 250-269. https://doi.org/10.58308/bemarej.1289111

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