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Econometric Model Of Manufacturing, Investment And Development In 30 Countries Of Asia-Pacific

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  • GUISAN, Maria-Carmen
  • AGUAYO, Eva
  • EXPOSITO, Pilar

Abstract

We analyse the evolution of economic development of countries of Asia and Pacific for the period 2000-2010, and present the estimation of a cross-section model of 30 countries in year 2010, in order to relate economic development with manufacturing and investment. We compare the results of Asia-Pacific with the estimation of similar equations with a World sample of 132 countries in the same year. The results are very alike and show the great importance of international cooperation to increase investment per head in low income countries in order to foster the degree of industrialization necessary for sustained development. Both domestic investment and foreign investment show positive impact on industrial production and industry shows a significant and positive impact on non industrial sectors.

Suggested Citation

  • GUISAN, Maria-Carmen & AGUAYO, Eva & EXPOSITO, Pilar, 2014. "Econometric Model Of Manufacturing, Investment And Development In 30 Countries Of Asia-Pacific," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 14(2).
    • Handle: RePEc:eaa:aeinde:v:14:y:2014:i:2_15
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    References listed on IDEAS

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    1. Guisan, M.Carmen & Aguayo, Eva, 2003. "Education, Industry, Trade and Development of European and Eurasian Countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(1), pages 115-141.
    2. GUISAN & Maria-Carmen & EXPOSITO & Pilar, 2004. "Employment And Real Income Of Agriculture In India, China And Oecd Countries: Econometric Models And Evolution 1950-2000," The IUP Journal of Applied Economics, IUP Publications, vol. 0(5), pages 7-17, September.
    3. GUISAN, Carmen & Neira, Isabel, 2006. "Direct and Indirect Effects of Human Capital on World Development, 1960-2004," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 6(1), pages 17-34.
    4. Guisan, M.Carmen & Exposito, Pilar, 2003. "Education, Industry, Trade and Development of Asia-Pacific countries in 1980-99," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 3(2), pages 117-142.
    5. GUISAN, Maria-Carmen & CANCELO, Maria-Teresa & EXPOSITO, Pilar, 2007. "Desarrollo Economico De China, India Y Paises Limitrofes, 1990-2005," Estudios Economicos de Desarrollo Internacional, Euro-American Association of Economic Development, vol. 7(2), pages 5-24.
    6. World Bank, 2014. "World Development Indicators 2014," World Bank Publications - Books, The World Bank Group, number 18237.
    7. מחקר - ביטוח לאומי, 2006. "Summary for 2005," Working Papers 29, National Insurance Institute of Israel.
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    Blog mentions

    As found by EconAcademics.org, the blog aggregator for Economics research:
    1. 25. World development in 2000-2015: Countries by income level and international comparisons by Euro-American Association
      by MCG Blogs de Economía in Euro-American Association: World Development on 2016-07-07 10:53:00

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    Cited by:

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    More about this item

    Keywords

    Asian countries; Asia-Pacific; Econometric models of International Development; Domestic Investment; Foreign Investment; Savings; Manufacturing.;
    All these keywords.

    JEL classification:

    • I2 - Health, Education, and Welfare - - Education
    • E2 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment
    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O5 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies
    • O53 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Asia including Middle East
    • O56 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Oceania

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