Growth Of Manufacturing Sector Research Articles

Exploring the barriers to implement industrial symbiosis in the apparel manufacturing industry: Implications for sustainable development

Industrial symbiosis, a promising approach for sustainable industrial practices, has garnered attention in recent days for its ability to enhance resource efficiency, minimize waste, and preserve the environment through collaborative exchanges among industries. In emerging economies like Bangladesh, integrating industrial symbiosis in the manufacturing industries offers the potential to balance economic growth with environmental sustainability. However, this integration encounters various barriers that complicate the implementation. Despite research on industrial symbiosis in robust economies, studies on emerging and developed economies are still scarce. To date, no research has yet investigated the barriers hindering the performance of industrial symbiosis in the Bangladeshi apparel manufacturing sector. To address this gap, this study integrates the Bayes theorem and the Best-Worst Method to identify and prioritize barriers to the Bangladeshi apparel manufacturing sector. From extensive literature reviews and expert validation, 17 barriers were identified. Findings reveal the “lack of technology and infrastructure readiness” as the most significant barrier, followed by “lack of inter-company cooperation” and “lack of management support”. Conquering these barriers empowers emerging economies to fortify the apparel manufacturing sector's resilience, resource efficiency, and environmental performance while fostering sustainable development via circular economy practices. This study is expected to guide policymakers and stakeholders in crafting targeted strategies for promoting steady growth and sustainable development in the apparel manufacturing sector of emerging economies like Bangladesh.

Developing a virtual reality and AI-based framework for advanced digital manufacturing and nearshoring opportunities in Mexico.

The growing expansion of the manufacturing sector, particularly in Mexico, has revealed a spectrum of nearshoring opportunities yet is paralleled by a discernible void in educational tools for various stakeholders, such as engineers, students, and decision-makers. This paper introduces a state-of-the-art framework, incorporating virtual reality (VR) and artificial intelligence (AI) to metamorphose the pedagogy of advanced manufacturing systems. Through a case study focused on the design, production, and evaluation of a robotic platform, the framework endeavors to offer an exhaustive educational experience via an interactive VR environment, encapsulating (1) Robotic platform system design and modeling, enabling users to immerse themselves in the design and simulation of robotic platforms under varied conditions; (2) Virtual manufacturing company, presenting a detailed virtual manufacturing setup to enhance users' comprehension of manufacturing processes and systems, and problem-solving in realistic settings; and (3) Product evaluation, wherein users employ VR to meticulously assess the robotic platform, ensuring optimal functionality and customer satisfaction. This innovative framework melds theoretical acumen with practical application in advanced manufacturing, preparing entities to navigate Mexico's manufacturing sector's vibrant and competitive nearshoring landscape. It creates an immersive environment for understanding modern manufacturing challenges, fostering Mexico's manufacturing sector growth, and maximizing nearshoring opportunities for stakeholders.

Productivity and wage gaps between informal and formal firms in India: Trends and determinants

ABSTRACT This study examines the productivity and wage gaps between informal and formal sector firms in India. Using a comprehensive dataset covering a 15-year period, we explore the influence of access to finance, infrastructure, and labor regulations on these gaps. Employing standard Oaxaca decomposition method, we analyze the role of these factors in explaining the informal–formal gaps in wages and productivity. Our results reveal significant and expanding gaps in both productivity and wages between informal and formal firms. Decomposition analysis suggests firm characteristics and infrastructure as primary factors widening the gaps, while access to finance and flexible labor regulations help narrow them. The findings point to the importance of targeted interventions needed to augment the growth and development of the informal manufacturing sector. Policies that enhance access to finance, improve infrastructure, and promote favorable labor markets can contribute to narrowing the gaps.

Trade, labour reallocation and productivity growth in the indian manufacturing sector

Trade, labour reallocation and productivity growth in the indian manufacturing sector

Impact of foreign direct investment on manufacturing sector growth in sub-Saharan Africa

Impact of foreign direct investment on manufacturing sector growth in sub-Saharan Africa

Assessing the Impact of Trade Policies on Growth and Development of the Manufacturing and Agricultural Sectors in Nigeria

This article examines the impact of trade policies in Nigeria (1960–2022) on the manufacturing and agricultural sectors. To set the context, I have grouped the trade policy periods into two categories: (a) the pre–structural adjustment programme (SAP) era (1960–1985) and (b) the post-SAP era (1986–2022). I have then examined economic data and all the existing literature to understand the pattern of manufacturing and agricultural outputs during these policy periods. Pre-SAP and post-SAP trade policies show a shift from protectionism to liberalisation, moderately improving agricultural and industrial sectors but still facing obstacles. Despite policies and agreements to improve trade, economic development remains unrealised. This study demonstrated that trade policies have led to erratic progress in both the agricultural and manufacturing sectors, consequently making a lesser contribution to the overall Nigerian development. Within this debate, three different schools of thought can be distinguished. The first school of thought holds that trade policy reforms benefit the growth of Nigerian manufacturing and agricultural sectors. The second school of thought contends that trade policy reforms (such as trade liberalisation) have a detrimental effect on industrial and agricultural sectors. The third school of thought argues that there is no proof or substantial linkage between trade policy reforms and the productivity and growth of manufacturing and agricultural sectors. Nevertheless, to benefit from trade liberalisation, this article identifies the need to revise the Nigerian trade policy as well as stabilise foreign exchange rates to advance and boost local manufacturing and agricultural sectors and promote active participation in trade agreements and policies.

The Dynamics of Fiscal Policy Measures on Manufacturing Sector Growth: Evidence from Nigerian Economy

The Dynamics of Fiscal Policy Measures on Manufacturing Sector Growth: Evidence from Nigerian Economy

Analyzing the Tradeoff Between the Economic and Environmental Performance: The Case of the Chinese Manufacturing Sector

The so-called by-production approach, introduced by Murty and Russell [“On modeling pollution-generating technologies,” Department of Economics, University of California, Riverside, CA, USA, 2002], has provided researchers with an improved methodology for approximating polluting production technologies. However, the original by-production model is not capable of addressing the potential tradeoff between the economic and environmental performance since it does not impose any relationship between its economic and environmental subtechnologies. Although this link has been recently proposed in the extensions to the original by-production approach, the tradeoff framework remains ambiguous with respect to the weights that can be assigned to the economic and environmental subobjectives. This article proposes a novel approach for estimating the green productivity growth in the Chinese manufacturing sector based on the scenario analysis that simulates policy preferences. Our results suggest that environmental inefficiency is generally higher than economic inefficiency and that the annual growth rates of economic and environmental productivity are sensitive to the chosen scenario or the weights assigned to the different types of performance. We demonstrate that productivity growth can range from −0.43%, when only the environmental performance is considered to 2.56%, when only the economic performance is taken into account.

Impact of Exchange Rate Volatility on the Manufacturing Sector Growth Performance in Nigeria

Impact of Exchange Rate Volatility on the Manufacturing Sector Growth Performance in Nigeria

The Impact of The Conflict Between Russia and Ukraine on China's Crude Oil Market

Following the commencement of hostilities in Ukraine in 2022, western nations decided to take the measure of imposing a number of sanctions on Russia. The sanctions placed on Russian companies that export crude oil have, among other things, had a significant impact on the crude oil market in China. China is significantly dependent on the exportation of crude oil by Russia because China is an oil importer. As a result, the investigation into how the conflict between Russia and Ukraine affected China's crude oil market has a significant bearing on the growth of China's manufacturing sector as well as the economy overall. By examining both policy and academic literature on the topic of export limitations of Russian crude oil in a variety of countries, this piece of writing performs an analysis of the influence that the start of war in Ukraine has had on the global crude oil market as well as the changes that are expected to take place in the Chinese crude oil market. In conclusion, it has been discovered that China's price of crude oil would rise in tandem with the price of crude oil on the world market in the near future. It is anticipated that China would, over the course of time, become less reliant on crude oil imported from Russia and other nations, gradually shifting its energy market in the direction of more environmentally friendly practices.

Sinter-based additive manufacturing of hardmetals: Review

Hardmetals, commonly referred to as cemented tungsten carbide (WC) or simply tungsten carbide, is one of the oldest liquid phase sintered, two phase composite, powder metallurgical (PM) product. In fact, this year marks the 100th year since the first hardmetal patent was issued. The classic two-phase composite hardmetal structure typically consists of hard ceramic-like WC particles that are embedded in a softer matrix binder phase primarily consisting of cobalt (Co), sometimes in conjunction with other metals such as nickel and iron, that takes into solution some tungsten and carbon.Various shaping methods have been used to fabricate hardmetals into useful products. Traditional machining to shape hardmetal components was extremely difficult due to the high hardness of these materials (significantly harder than any steels used for cutting). Press and sinter was the process of choice for making relatively simple shapes from hardmetals and is still extensively used. To accommodate some shape complexity, die pressed or cold isostatically pressed “green” parts were machined followed by subsequent sintering to shape hardmetal components. Extrusion using organic polymers was another technique that was adapted to make hardmetal rods and bars. Using the powder injection molding (PIM) process to form more complex shapes from hardmetals was a natural evolution. However, the tooling cost and the typically low volume of parts required for many hardmetal applications was a major barrier. At the turn of the century, there was a rapid growth of the additive manufacturing (AM) sector that is capable of fabricating extremely complex shaped components without the use of any tooling. However, the early AM processes that gained commercial viability were founded on the melt-based techniques, which was generally not conducive to processing of hardmetals. Since 2015, a number of sinter-based AM technologies started to emerge and these technologies were found to be better suited for the processing of hardmetals into complex shapes in an economic manner. This paper will review the developments in the processing of hardmetals using some of the different sinter-based AM techniques.

Determinants of Manufacturing Sector Growth in Malaysia

Determinants of Manufacturing Sector Growth in Malaysia

A Study on the Impact of Industrial Robot Development on the Economy A Case Study of China

The impact of industrial robot development on the economy has long been a subject of keen interest. This research aims to explore the role of industrial robots in the Chinese economy and the factors influencing their impact. This is achieved through an analysis of the scale of the industrial robot market, its applications, the localization process, and its effects on employment and production efficiency. In the course of this study, we review the rapid growth of the Chinese manufacturing sector and the increasing adoption of industrial robots. With technological advancements, industrial robots have achieved significant milestones in fields such as automobile manufacturing and electronics production. Subsequently, this paper delves into the repercussions of industrial robots on the Chinese economy. Data indicates that the widespread use of industrial robots has significantly enhanced production efficiency, lowered production costs, and improved product quality. Furthermore, the paper scrutinizes the progress of domestication in the industrial robot sector, highlighting China's positive strides in enhancing its capacity for independent research and development, as well as manufacturing. Consequently, the rapid development of industrial robots has exerted a multifaceted impact on the Chinese economy, fostering both production efficiency and industrial upgrading, while also giving rise to a series of employment and societal issues. In the future, China should continue to intensify its efforts in technological innovation and talent development to better address the challenges and opportunities arising from the development of industrial robots, thereby promoting sustained and healthy economic growth.

Governance and the Manufacturing Sector Growth among the BRICS Nations

The objective of this study was to examine the relationship between selected governance factors and growth rates in the manufacturing sector's output among the member states of BRICS. This study examined the institutionalized growth theory and explored four governance factors: government effectiveness, regulatory quality, control of corruption, and voice and accountability. The study also considered factors associated with both exogenous and endogenous growth theories. The estimation process involves applying the first difference generalized method of moments (D-GMM) on a linear dynamic panel model. The data spans from 2010 to 2021. The findings of this study suggest that among the BRICS nations, government effectiveness is the most significant predictor of growth in the manufacturing sector, out of the four governance factors that were examined. The factors of voice and accountability, control of corruption, and regulatory quality did not demonstrate the capacity to exert influence on variations in the growth of the manufacturing sector within the BRICS countries. Unlike prior studies, our research incorporates a range of established growth theories in constructing the empirical model. Additionally, we employ an instrumental variable approach for dynamic panel data analysis. We utilize robust standard errors to address potential issues of endogeneity and model misspecification. Therefore, BRICS countries should devote a sizeable portion of their resources to building solid mechanisms that make it easier for the implementation, oversight, and thorough reporting of government activities inside their manufacturing sector. This strategy could increase governmental effectiveness, which would encourage overall manufacturing sector growth.

Prosper or beggar thy neighbour: Industrial policy effect of free trade zones.

Firms that stand to gain from the institutional framework of a free trade zone (FTZ) usually opt for locations in the FTZ region where they could expect higher returns on investment. This concentration of industries in FTZs can result in a reallocation of productivity, potentially leading to the "hollowing out" effect in existing industries, which can have a beggar-thy-neighbour effect on regional growth. Over the long term, the outcome, whether it leads to prosperity or detriment, hinges on the delicate balance between the immediate static loss associated with resource reallocation and the dynamic gains based on traditional manufacturing sector's growth along the evolving FTZ environment.

The contribution of Technical and Vocational Education and Training formal programmes to inclusive company growth and transformation: a case study of the automotive manufacturing sector in South Africa

ABSTRACT This article investigates the contribution of formal Technical and Vocational Education and Training (TVET) programmes to inclusive industrial growth and transformation in the automotive manufacturing sector. Drawing from the mixed method approach, it argues that skills play is an addition role, not central one in industrial growth and transformation. Industrial growth is driven by exposure to domestic and export markets, increase in clients, healthy relations in the workplace, and changes in technology and industrial policy. Similarly, industrial transformation is not driven by skills but rather by factors such as the clients’ product demands and specifications; the national industrial/sectoral policy; research and innovation expertise from company headquarters often outside South Africa; global market forces and price volatility; new regulations on emission(s) demanded by the government; and competition amongst components. It is through these factors that skills begin to play a role. There is a need to recognise industrial dynamics and factors that are critical in shaping the skills system if we are to understand the extent to which skills enhance growth and transformation. Moreover, the findings challenge the current formal TVET provision policy in South Africa which does not seem to recognise or incorporate other forms of provision in which skills can be acquired, i.e. informal on-the-job training, non-formal company-based training, in addition to formal institutional-based training.

Spillover effects of FDI inflows on output growth: An analysis of aggregate and disaggregated FDI inflows of 13 MENA economies

AbstractThis paper examines the effect of foreign direct investment (FDI) inflows on overall growth, as well as its sector‐specific spillovers in the Middle Eastern and North African region during the period from 2000 to 2020. Our major innovation is our ability to disaggregate FDI into primary, secondary and tertiary and examine their individual impact on growth, as well as their sector‐specific spillovers by using dynamic panel GMM methodology. We find prima facie evidence that total FDI significantly stimulates growth. However, when we turn to the disaggregated FDI data, primary sector FDI adversely affects the gross domestic product (GDP) growth in the service sector and overall GDP growth. On the other hand, secondary FDI has a ‘double‐edged’ effect, benefiting its own sector (the service sector's GDP growth), but not other sectors. In contrast, service sector FDI stimulates GDP growth in mining, manufacturing and service sectors, thereby enhancing overall economic growth. Our findings have important policy implications regarding the incentives provided by governments to encourage FDI, which need to be fine‐tuned to attract certain types of FDI (tertiary), with less focus on the primary sector

The impact of financial development on the manufacturing industry in resource-rich countries: Empirical evidence from Azerbaijan

The study is devoted to assessing the causal relationship between financial development and economic growth in the manufacturing sector of Azerbaijan, a country rich in oil and gas resources. The study covers quarterly data from 2005-2021. The Johansen co-integration test and the Toda-Yamamota test are used to analyze temporal and causal characteristics between indicators. The results showed that there is no co-integration between financial development and growth in the long run. Along with this, no evidence was found indicating the presence of a causal relationship between variables in the short run. The results show that increased credit availability does not necessarily positively impact productivity and capital growth in the manufacturing sector. At the same time, the growth of loans contributes more to the growth of imports than to the growth of domestic production. The hypothesis about the negative impact of the "resource curse" on financial development is confirmed by financial market development in Azerbaijan, which makes it difficult to assess the securities market's impact on manufacturing sector growth. Research on the institutional aspects of financial regulation and finding ways to increase the relative attractiveness of the manufacturing sectors could provide more detailed recommendations to improve the effectiveness of financial instruments.

An assessment of efficiency and productivity analysis of manufacturing industries in Bangladesh

This empirical study employs stochastic frontier analysis to evaluate the Total Factor Productivity (TFP) growth and technical efficiencies of the manufacturing sector in Bangladesh. The study draws data from five rounds of surveys conducted between 1982/83 and 2012. TFP growth is decomposed into efficiency growth, scale component, and technological progress to identify the sources of growth. The technical efficiency of the manufacturing industries in Bangladesh averages 80%, with export-oriented industries exhibiting higher efficiency than non-export industries. Small-scale industries show higher TFP growth than medium- and large-scale industries. The study estimates the TFP growth in Bangladesh's manufacturing sector at approximately 5.5% during the review period, with technological progress being a key driver of growth. The results also indicate TFP growth convergence over time among the manufacturing industries in Bangladesh. The study highlights the potential for productivity improvement and income growth in Bangladesh's manufacturing sector. Further investigation into TFP and efficiency is necessary to achieve this potential fully. The study's findings suggest that policymakers in Bangladesh should focus on promoting technological progress and improving the efficiency of manufacturing industries, especially in medium- and large-scale industries. Moreover, the government should develop policies that support export-oriented industries to improve their efficiency.

An Empirical Analysis of Scientific and Technological Knowledge and Manufacturing Linkages: South Korea, Mexico and Turkey

The basis of co-evolution of technological capabilities and industrial development is investigated in several studies. Given that, this paper considers pillars of the catching-up process and factors of entering the MIT (Middle Income Trap) for latecomers and aims to investigate the linkages between the “manufacturing sector growth” and “scientific and technological knowledge”. In this context, a times series analysis based on the ARDL methodology is used to explore the long-run and short-run dependencies between the manufacturing value-added and a set of variables that represent the scientific and technological knowledge. South Korea, Mexico, and Turkey are the countries chosen for our investigation. The patents and scientific articles are utilized as the basic measures of “scientific and technological knowledge” for the period 1990–2017. The main finding of the ARDL analysis is that the three counties have different manufacturing growth trajectories due to the differences in the use of human capital and the production of “scientific and technological knowledge”.