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Sectorial Analysis: Growth Accounting Of Secondary Industries

Author

Listed:
  • Yahya Z. ALSHEHHI

    (Faculty of Economics and Business, University of Debrecen)

  • Judit OLÁH

    (Faculty of Economics and Business, University of Debrecen)

Abstract

The modern economic system of any nation is divided into three major producer’s sectors called primary, secondary, and tertiary. These sectors reform a chain of production as a continuum, ultimately in the end provide goods and services. In UAE, economy share divided by each sector of the current GDP in year 2015 were 1%, 48%, and 51%, for the primary, secondary, and tertiary sectors, respectively. The purpose of this empirical study is to analyze the economic industries of the secondary sector by projecting the contribution growth share of factors of production through using the growth accounting model for time series from 1990-2015. The methodology employed a quantitative description and data sourced from FCSA. We find the manufacturing industry the main key contributor to sector growth share, followed by the construction industry, where the mining and quarrying subsectors have less impact compared to the rest. We observed that the TFP performance improved positively in line with a declining size of labor.

Suggested Citation

  • Yahya Z. ALSHEHHI & Judit OLÁH, 2017. "Sectorial Analysis: Growth Accounting Of Secondary Industries," Network Intelligence Studies, Romanian Foundation for Business Intelligence, Editorial Department, issue 9, pages 39-45, June.
    • Handle: RePEc:cmj:networ:y:2017:i:9:p:39-45
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    References listed on IDEAS

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    More about this item

    Keywords

    Growth accounting; Secondary sector; Economic industries; TFP; UAE;
    All these keywords.

    JEL classification:

    • C23 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Models with Panel Data; Spatio-temporal Models
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production
    • E24 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Employment; Unemployment; Wages; Intergenerational Income Distribution; Aggregate Human Capital; Aggregate Labor Productivity

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