文章基本信息

标题：CONTRIBUTION OF SERVICES TO ECONOMIC GROWTH: KALDOR’S FIFTH LAW?
本地全文：下载
作者：ADILSON GIOVANINI ; MARCELO AREND
期刊名称：RAM. Revista de Administração Mackenzie
印刷版ISSN：1518-6776
电子版ISSN：1678-6971
出版年度：2017
卷号：18
期号：4
页码：190-213
语种：English
出版社：Universidade Presbiteriana Mackenzie
其他摘要：Purpose: This study questions whether there is a Kaldor’s fifth law and tests whether the size of the intermediate services sector contributes to the growth of the industrial sector. Originality/Value: The laws proposed by Kaldor consider that the industrial sector contributes to economic growth and affirm that the growth of this sector depends on the existing demand for industrial products. If this new law is corroborated we have the initial evidences that the growth of the service sector contributes to the growth of the industry. Design/methodological/approach: The existence of this new law is tested through the estimation of panel VAR models for eight developed countries in the period 1980-2009. Findings: The growth of the service sector causes Granger to increase industrial productivity, industrial density and economic complexity. The causality test shows that there is a bidirectional causal relationship between the growth of the service sector and the industrial density and between the growth of the service sector and the Economic Complexity Index.
其他关键词：Kaldor; Services; Complexity; Economic Growth; Productivity.