Effects of industrialization on Tanzania’s economic growth: a case of manufacturing sector

Lugina, Eunice Jonathan; Mwakalobo, Adam Beni Swebe; Lwesya, Francis

doi:10.1186/s43093-022-00177-x

Cited by 10 publications

(11 citation statements)

References 32 publications

Supporting

Mentioning

Contrasting

Order By: Relevance

“…According to this; Studies supporting the conclusion of the study:Kopuk & MEÇİK, (2020), Yalçınkaya, (2018,Karami, Elahinia & Karami, (2019), Banelienė, (2021), Qaiser, (2020. Studies that have obtained results in the opposite direction to this study:Terin, Aksoy & Güler, (2013), Sari Hassoun & Mouzarine, (2019), Sertoglu, Ugural & Bekun (2017,Awan & Aslam (2015),Idisi, Ebukiba, & Sunday (2019),Lugina, Mwakalobo & Lwesya, (2022).…”

contrasting

confidence: 63%

The Efficacy of Developments in Agriculture and Industry Sectors on Economic Growth in Turkey: ARDL Approach

Çelik,

Aydın

2024

Journal of Yaşar University

View full text Add to dashboard Cite

One of the oldest economic goals of societies around the world is to increase the welfare level of the society. For this reason, the phenomenon of economic growth has been one of the most studied subjects since history. In this work, the efficacy of production in Turkey's agricultural and industrial sectors on economic growth amongst 1980 and 2022 has been investigated. In addition, inflation and trade deficit data are included as control variables. ARDL bounds test was implemented in the work. Accordingly the outcomes of the work, in the first model, when the share of the agricultural sector in GNP increases by 1%, per capita income decreases by approximately 1.13%. A 1% increment in the inflation rate diminishes per capita income by approximately 0.18%. In the second model, the margin of the industrial sector in GNP has an affirmative efficacy on per capita income. The inflation rate, conversely, has a negatory efficacy on per capita income. When the share of the industrial sector increases by 1%, per capita income increases by approximately 4.5%. A 1% increment in the inflation rate diminishes per capita income by approximately 0.5%. The parameters related to international trade deficit are statistically insignificant.

show abstract

contrasting

confidence: 63%

The Efficacy of Developments in Agriculture and Industry Sectors on Economic Growth in Turkey: ARDL Approach

Çelik,

Aydın

2024

Journal of Yaşar University

View full text Add to dashboard Cite

show abstract

“…This is due to conflicting findings on the nature of the relationship that exists between economic growth and industrialization. Some studies have found that industrialization has a positive impact on economic growth (Yangailo & Chambani, 2023;Lugina et al,2022;Bokosi, 2022;Ibitoye et al,2022;Wang & Su, 2019;Su & Yao,2017), while others have not (Iheoma & Jelilov, 2017;Ibbih & Gaiya, 2013;Jelilov et al, 2016). This study was the first to be conducted in the Tongan context.…”

Section: Introductionmentioning

confidence: 81%

“…According to Yangailo and Chambani (2023), Lugina et al (2022), Bokosi (2022), (Ibitoye et al (2022), Wang and Su (2019) and Su and Yao (2017), industrialization has a positive and significant impact on economic growth.Therefore, we propose the following:…”

Section: Research Hypothesesmentioning

confidence: 99%

The Impact of Industrialization on Economic Growth in Tonga

Yangailo

2023

IJARBM

View full text Add to dashboard Cite

This study examines the impact of industrialization on economic growth in Tonga. The Tongan government has worked tirelessly to ensure that the country achieves and sustains industrialization to drive economic growth. This study was undertaken because of conflicting findings from previous studies on the nature of the relationship that exists between economic growth and industrialization. Some studies have shown that industrialization has a positive and significant impact on economic growth, while others have not. The study used secondary data from World Bank data statistics and specified a model where GDP was the dependent variable while industrial output, inflation, interest rate and exchange rate were the independent variables. Jamovi software was used to analyze the data using multiple regression analysis. The results show that industrialization and exchange rate have a positive and significant impact on economic growth in Tonga. This implies that the existing industrialization policy should be maintained and implemented accordingly. The government of Tonga should continue to provide a good and attractive environment for industrial growth in the country. Replication of this study in other countries is recommended and future studies are also recommended to consider the inclusion of other macroeconomic indicators such as FDI and others as variables.

show abstract

“…Another growth theory is the Kaldorian theory of economic growth introduced in 1957 to elucidate the link between economic growth and the industrial or manufacturing sector's production (Lugina et al, 2022). The Kaldorian theory is inductive and built on three fundamental laws.…”

Section: Kaldorian Theory Of Economic Growthmentioning

confidence: 99%

“…In his theory, Kaldor argues that manufacturing or industrial output growth influences the output growth in non-manufacturing sectors. The growth model indicated in equation 2, suggests that increasing return to scale determines the future outputs and total finished goods determine the industry's total exports (Lugina et al, 2022). The second law of the Kaldorian theory is known as Verdoorn's law.…”

Section: Kaldorian Theory Of Economic Growthmentioning

confidence: 99%

The Role of Industrialization on Employment and Economic Growth in South Africa

Habanabakize,

Dickason-Koekemoer

2023

IJEFI

View full text Add to dashboard Cite

Nowadays economic performance and people's well-being are driven by various factors linked to technological improvement and industrialization. South Africa is one of the countries that adopted technology and innovation to improve its economic performance and employment conditions. However, the country is still facing a growing unemployment rate and sluggish economic growth. The current study investigated the role of industrialization in heightening employment and economic growth. The autoregressive distributed lag (ARDL) and error correction model (ECM) approaches were applied to time series data from 1998 to 2019. Empirical findings indicated that industrialisation has a significant impact on South African economic growth and employment opportunities. While automotive, food and beverage, chemical and metal industries positively affect economic growth; employment growth is fuelled by high production in food and beverage, chemical, automotive and metal industries. Nonetheless, high production in clothing and chemical industries have adverse effects on economic and employment growth respectively. In the short run, employment behaviour is determined by the production of metal, food and beverages industries while changes in economic growth are driven by production in the automotive and metal industries. Grounded on findings, South African policymakers should consider pro-industrialization strategies, especially in those industries whose production is highly demanded such as metal, food and beverages. These industries enhance trade and the latter improve economic growth and create employment.

show abstract

Effects of industrialization on Tanzania’s economic growth: a case of manufacturing sector

Cited by 10 publications

References 32 publications

The Efficacy of Developments in Agriculture and Industry Sectors on Economic Growth in Turkey: ARDL Approach

The Efficacy of Developments in Agriculture and Industry Sectors on Economic Growth in Turkey: ARDL Approach

The Impact of Industrialization on Economic Growth in Tonga

The Role of Industrialization on Employment and Economic Growth in South Africa

Contact Info

Product

Resources

About