The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis
Economic growth is a multifaceted phenomenon driven by various sectoral contributions. This study investigates the impact of exports, imports, including key economic sectors, such as manufacturing, agriculture, services, and construction, on economic growth in developing and developed countries. It...
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Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Sriwijaya
2024-12-01
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| Series: | Jurnal Ekonomi Pembangunan |
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| Online Access: | https://jep.ejournal.unsri.ac.id/index.php/jep/article/view/23133 |
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| author | Farawi Ghannili Miftahul Choiri |
| author_facet | Farawi Ghannili Miftahul Choiri |
| author_sort | Farawi Ghannili |
| collection | DOAJ |
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Economic growth is a multifaceted phenomenon driven by various sectoral contributions. This study investigates the impact of exports, imports, including key economic sectors, such as manufacturing, agriculture, services, and construction, on economic growth in developing and developed countries. It uses time series data from Q2-2011 to Q2-2023 and seven countries, i.e. Indonesia, China, India, France, Germany, the United Kingdom, and the United States. It applies panel data regression with the fixed effect-least square dummy variable method. The findings reveal that exports, manufacturing, agriculture, and services have positive and statistically significant effects on economic growth. In contrast, imports and construction show negative impacts. These findings underscore the importance of fostering export-oriented industries, promoting technological innovation in manufacturing, supporting sustainable agricultural practices, and developing a vibrant service sector. In turn, policymakers should address the potential negative consequences of excessive import dependence and strive to improve the efficiency and productivity of the construction sector. These findings provide implications for policymakers to formulate and implement effective economic growth strategies that prioritize sustainable development and inclusive growth.
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| format | Article |
| id | doaj-art-b2005b73c7604c45b004dd9fb1a602b7 |
| institution | Kabale University |
| issn | 1829-5843 2685-0788 |
| language | English |
| publishDate | 2024-12-01 |
| publisher | Jurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas Sriwijaya |
| record_format | Article |
| series | Jurnal Ekonomi Pembangunan |
| spelling | doaj-art-b2005b73c7604c45b004dd9fb1a602b72025-01-15T02:50:55ZengJurusan Ekonomi Pembangunan Fakultas Ekonomi Universitas SriwijayaJurnal Ekonomi Pembangunan1829-58432685-07882024-12-0122210.29259/jep.v22i2.23133The Impact of Key Sectors on Economic Growth: A Cross-Country AnalysisFarawi Ghannili0Miftahul Choiri1Department of Islamic Economics, Faculty of Economics and Business, Sunan Kalijaga State Islamic University, Yogyakarta, IndonesiaDepartment of Islamic Economics, Faculty of Economics and Business, Sunan Kalijaga State Islamic University, Yogyakarta, Indonesia Economic growth is a multifaceted phenomenon driven by various sectoral contributions. This study investigates the impact of exports, imports, including key economic sectors, such as manufacturing, agriculture, services, and construction, on economic growth in developing and developed countries. It uses time series data from Q2-2011 to Q2-2023 and seven countries, i.e. Indonesia, China, India, France, Germany, the United Kingdom, and the United States. It applies panel data regression with the fixed effect-least square dummy variable method. The findings reveal that exports, manufacturing, agriculture, and services have positive and statistically significant effects on economic growth. In contrast, imports and construction show negative impacts. These findings underscore the importance of fostering export-oriented industries, promoting technological innovation in manufacturing, supporting sustainable agricultural practices, and developing a vibrant service sector. In turn, policymakers should address the potential negative consequences of excessive import dependence and strive to improve the efficiency and productivity of the construction sector. These findings provide implications for policymakers to formulate and implement effective economic growth strategies that prioritize sustainable development and inclusive growth. https://jep.ejournal.unsri.ac.id/index.php/jep/article/view/23133Economic growthExportImportKey sectorsPanel data |
| spellingShingle | Farawi Ghannili Miftahul Choiri The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis Jurnal Ekonomi Pembangunan Economic growth Export Import Key sectors Panel data |
| title | The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis |
| title_full | The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis |
| title_fullStr | The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis |
| title_full_unstemmed | The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis |
| title_short | The Impact of Key Sectors on Economic Growth: A Cross-Country Analysis |
| title_sort | impact of key sectors on economic growth a cross country analysis |
| topic | Economic growth Export Import Key sectors Panel data |
| url | https://jep.ejournal.unsri.ac.id/index.php/jep/article/view/23133 |
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