Manufacturing growth accelerations in developing countries

Nobuya Haraguchi, Bruno Martorano*, Marco Sanfilippo, Anirudh Shingal

*Corresponding author for this work

Research output: Contribution to journalArticleAcademicpeer-review


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.
Original languageEnglish
Pages (from-to)1696-1724
Number of pages29
JournalReview of Development Economics
Issue number4
Early online date16 Sept 2019
Publication statusPublished - Nov 2019


  • industrialization
  • growth
  • developing countries


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