TY  - JOUR
T1  - The impact of sectoral value added to economic growth in a developing country: The Zambian case
TT  - Gelişmekte olan bir ülkede sektörel katma değerin ekonomik büyümeye etkisi: Zambiya örneği
AU  - Muyambiri, Brian
PY  - 2023
DA  - November
Y2  - 2023
DO  - 10.58308/bemarej.1289111
JF  - Business Economics and Management Research Journal
JO  - BEMAREJ
PB  - Engin ÇAKIR
WT  - DergiPark
SN  - 2651-2610
SP  - 250
EP  - 269
VL  - 6
IS  - 3
LA  - en
AB  - 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.
KW  - Impact analysis
KW  - Agriculture
KW  - Industry
KW  - Service sector
KW  - Economic Growth
N2  - 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.
CR  - Bashir, A., Suhel, A., Azwardi, A., Atiyatna, D. P., Hamidi, I., & Adnan, N. (2019). The causality between agriculture, industry, and economic growth: Evidence from Indonesia. Etikonomi, 18(2), 155-168. doi:10.15408/etk.v18i2.9428
CR  - Block, S. A. (1999). Agriculture and economic growth in Ethiopia: Growth multipliers from a four‐sector simulation model. Agricultural Economics, 20(3), 241-252. doi: 10.1016/S0169-5150(99)00007-9
CR  - Blunch, N.-H., & Verner, D. (2006). Shared Sectoral growth versus the dual economy model: Evidence from Côte d'Ivoire, Ghana, and Zimbabwe. African Development Review, 18, 283-308. doi: 10.1111/j.1467-8268.2006.00150.x
CR  - Chu, A. C., Peretto, P. F., & Wang, X. (2022). Agricultural revolution and industrialization. Journal of Development Economics, 158, 102887. doi: 10.1016/j.jdeveco.2022.102887
CR  - Haraguchi, N., Cheng, C. F. C., & Smeets, E. (2017). The importance of manufacturing in economic development: Has this changed?. World Development, 93, 293-315. doi: 10.1016/j.worlddev.2016.12.013
CR  - Hirschmann, A. O. (1958). The strategy of economic development. Yale University Press, New Haven, CT.
CR  - Hwa, E. C. (1988). The contribution of agriculture to economic growth: some empirical evidence. World development, 16(11), 1329-1339. doi: 10.1016/0305-750X(88)90208-2
CR  - Khan, W., Jamshed, M., & Fatima, S. (2020). Contribution of agriculture in economic growth: A case study of West Bengal (India). Journal of Public Affairs, 20(2), e2031. doi: 10.1002/pa.2031
CR  - Kobayashi, S., Tanji, H., Saito, K., Huang, W., & Tada, M. (2009). Industrial structure of Cambodia and the role of agriculture and fishery in its development. Japan Agricultural Research Quarterly: JARQ, 43(4), 309-316. doi: 10.6090/jarq.43.309
CR  - Levine, R. (1997). Financial development and economic growth: Views and Agenda. Journal of Economic Literature, 35(2), 688-726.
CR  - Lewis, W. A. (1954). Economic development with limited supplies of labour. Manchester School of Social Science, 22(2), 139-191. doi: 10.1111/j.1467-9957.1954.tb00021.x
CR  - Muyambiri, B., & Odhiambo, N. (2017). The impact of financial development on investment in Botswana: An ARDL-Bounds testing approach. Economia Internazionale/International Economics, 70(2), 193-216.
CR  - Muyambiri, B., & Odhiambo, N. M. (2018). The impact of financial development on investment: A review of international literature. Organizations and Markets in Emerging Economies, 9(2), 167-192. doi: 10.15388/omee.2018.10.00009
CR  - Pelinescu, E. (2015). The impact of human capital on economic growth. Procedia Economics and Finance, 22, 184-190. doi: 10.1016/S2212-5671(15)00258-0
CR  - Perron, P. (1997). Further evidence on breaking trend functions in macroeconomic variables. Journal of Econometrics, 80(2), 355-385. doi: 10.1016/S0304-4076(97)00049-3
CR  - Pesaran, M. H., Shin, Y., & Smith, R. (2001). Bound testing approaches to the analysis of level relationship. Journal of Applied Econometrics, 16(3), 289-326. doi: 10.1002/jae.616
CR  - Phiri, J., Malec, K., Majune, S. K., Appiah-Kubi, S. N. K., Gebeltová, Z., Maitah, M., Maitah, K., & Abdullahi, K. T. (2020). Agriculture as a determinant of Zambian economic sustainability. Sustainability, 12(11), 4559. doi: 10.3390/su12114559
CR  - Tufaner, M. B. (2021). The impacts of sectoral value added to economic growth in Turkey. İnsan ve Toplum Bilimleri Araştırmaları Dergisi, 10(2), 1166-1178. doi: 10.15869/itobiad.864991
CR  - World Bank Group. (2023). The World Bank Data. https://data.worldbank.org/?locations=BW-XT, Accessed: 15/03/2023
CR  - Zhang, Y., & Diao, X. (2020). The changing role of agriculture with economic structural change–the case of China. China Economic Review, 62, 101504. doi: 10.1016/j.chieco.2020.101504
UR  - https://doi.org/10.58308/bemarej.1289111
L1  - https://dergipark.org.tr/tr/download/article-file/3109266
ER  -