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

Year 2023, Volume: 6 Issue: 3, 250 - 269, 30.11.2023

Brian Muyambiri

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

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

Supporting Institution

University Of Johannesburg

Gelişmekte olan bir ülkede sektörel katma değerin ekonomik büyümeye etkisi: Zambiya örneği

Abstract

ARDL sınır testi yaklaşımı yardımıyla Zambiya'da sektörel katma değerin ekonomik büyümeye etkisinin analizi 1994 – 2021 dönemi için yapılmıştır. Uzun dönemde tarım, sanayi ve hizmet sektörlerinin olumlu ve ekonomik büyümeyi önemli ölçüde etkilediği görülmüştür. İthalatın ekonomik büyüme üzerindeki etkisi beklendiği gibi negatif, imalat sektörü ve ihracat ise önemsiz bulunmuştur. İthalat ile büyüme arasındaki aynı ilişki kısa dönemde de bulunmaktadır. Diğer tüm bağımsız değişkenlerin kısa dönemde ekonomik büyüme üzerinde bir etkisi olmadığı bulunmuştur. Bu nedenle uzun vadeli etki için tarım, sanayi ve hizmet sektörlerinin teşvikine öncelik verilmelidir.

Keywords

Etki analizi, Tarım, Sanayi, Hizmet sektörü, Ekonomik Büyüme

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