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DOES SERVICES SECTOR GROWTH INFLUENCE ECONOMIC GROWTH? EVIDENCE FROM ASEAN ECONOMIES

Mousumi Bhattacharya et al.

Global Journal of Accounting and Finance2021https://doi.org/10.47177/gjaf.05.01.2021.100article
ABDC C
Weight
0.26

What the paper says

In the global economy, the service sector plays a dynamic role, contributing to various facets of the economy. It is the largest contributor to the gross domestic product (GDP) of the Association of Southeast Asian Nations (ASEAN) member states, and its contribution to GDP in ASEAN countries is on the rise. Given the growing contribution of the sector in the ASEAN countries, this study explores the role of the growth of the services sector in their economies' economic growth. Using panel cointegration (long-run) tests and pooled mean group Autoregressive Distributed-lag (ARDL) model on yearly data from 1970 to 2017, the findings support both short-and long-run association between growth in the services sector and economic growth of the ASEAN economies. This cross-country analysis also provides insight into the impact of services-sector growth to per capita economic growth of each of the ASEAN countries. The results support the notion that growth in the services sector in ASEAN economies should be given significant support for the economic growth of the region.

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https://doi.org/https://doi.org/10.47177/gjaf.05.01.2021.100

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@article{mousumi2021,
  title        = {{DOES SERVICES SECTOR GROWTH INFLUENCE ECONOMIC GROWTH? EVIDENCE FROM ASEAN ECONOMIES}},
  author       = {Mousumi Bhattacharya et al.},
  journal      = {Global Journal of Accounting and Finance},
  year         = {2021},
  doi          = {https://doi.org/https://doi.org/10.47177/gjaf.05.01.2021.100},
}

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Evidence weight

0.26

Balanced mode · F 0.40 / M 0.15 / V 0.05 / R 0.40

F · citation impact0.00 × 0.4 = 0.00
M · momentum0.20 × 0.15 = 0.03
V · venue signal0.50 × 0.05 = 0.03
R · text relevance †0.50 × 0.4 = 0.20

† Text relevance is estimated at 0.50 on the detail page — for your query’s actual relevance score, open this paper from a search result.