The Current Setting of Contribution of Manufacturing Sector Relative to Other Allied Sectors Over GDP Growth: An Analysis in Regional and Income Class Classifications of Countries

Abstract

The contribution of the different sectors in gross domestic product (GDP) growth significantly implies the relative strength of the sectors over the country. The countries are classified by world agencies in terms of regional variation as well as income classification on the basis of the topographical location and international economic strength. This chapter considers the contribution of allied sectors over GDP considering manufacturing as a separate entity under the regional variation and different income classifications. It uses World Bank recent data set of 2010 and 2018 for cross-sectional analysis of GDP growth incorporating regional variation and income classification as discrete variables. Region-specific and income classification–specific regression identifies the variations in scores and changes in importance of different allied sectors.

Citation

Bhattacharya, S. (2021), "The Current Setting of Contribution of Manufacturing Sector Relative to Other Allied Sectors Over GDP Growth: An Analysis in Regional and Income Class Classifications of Countries", Pal, M.K. (Ed.) Productivity Growth in the Manufacturing Sector, Emerald Publishing Limited, Leeds, pp. 55-70. https://doi.org/10.1108/978-1-80071-094-820211005