This paper investigates the factors driving manufacturing growth accelerations in a sample of 134 developing countries over the period 1970 to 2014. We first identify growth acceleration episodes of manufacturing value added by their year of initiation and according to a country's income classification. We then estimate a probit model to explain what factors predict these mva growth accelerations. Our results show that human capital and institutions represent contextual factors that favor the growth of manufacturing, together with macroeconomic policies related to investment, and openness to foreign trade and capital.
- developing countries
Haraguchi, N., Martorano, B., Sanfilippo, M., & Shingal, A. (2019). Manufacturing growth accelerations in developing countries. Review of Development Economics, 23(4), 1696-1724. https://doi.org/10.1111/rode.12621