Non-agricultural GDP Research Articles

Economic Growth and Labor Market Institutions in East Asian Structural Transformation

This paper develops a tractable multi-sector endogenous growth model with labor market friction and human capital accumulation to analyze the underlying link between economic growth and labor market institutions. The model, calibrated based on the Japanese structural transformation episodes, demonstrates that lifetime employment system has contributed to unprecedentedly rapid economic growth, by enhancing human capital accumulation and facilitating physical capital formation. The counterfactual experiment finds that had the job durations of a typical worker been 1 year (roughly one tenth of the actual average job duration) for 1960-1990 in the Japanese labor market, the non-agricultural GDP per capita in 1990 would have accounted for 71 percent of the actual values.

The Informal Economy Worldwide: Trends and Characteristics

It has now been more than 40 years since the first attempts of defining and data collection on informal sector and informal employment on a large scale were launched in the early 1970s. Many debates paved the way for the international definition of the informal sector in 1993 and informal employment in 2003. The informal economy is finally a means for conciliating the two concepts and since the mid-1970s, national estimates of size (employment) and contribution (share of gross domestic product [GDP]) of the informal sector, and later on of the informal economy (and of its two major components: informal sector and employment outside the informal sector), have regularly been attempted and gathered on a large scale. This article is the most recent synthesis of these works. It is based on the recent compilations by the Bureau of Statistics of the International Labour Organization (ILO) and the National Accounts Section of the United Nations (UN) Statistics Division as well as on original national data. Employment in the informal economy is revealed to be as high as 58–70 per cent of non-agricultural employment at regional level (the informal sector representing from 50 per cent to 80 per cent of the informal economy) and the informal sectors contribution to non-agricultural GDP is from 25 per cent up to 50 per cent. JEL Classifications: O17, O57, J21

Analysis Of The Influence Of Agricultural And Non-Agricultural Sectors Performance On The Nigerian Economy (1986-2004)

This paper examines the influence of agricultural and non-agricultural economies on Nigeria\'s total economy. Time series data such as Nigeria\'s total GDP, Agricultural GDP and non-agricultural GDP were obtained. A double logarithm and exponential functions were used to estimate the elasticity and growth rate of each sector and the economy as a whole. The results revealed that a % change in Agricultural and Non-agricultural sectors caused the Nigerian economy to change by 0.24% and 0.746% respectively. The agricultural, non-agricultural sector and the entire economy grew at the rate of 0.04%, 0.124% and 0.102% respectively during the study period. Keywords: Agricultural sector, Non-agricultural sector, Nigerian economy. Global Journal of Agricultural Sciences Vol. 7 (1) 2008: pp. 7-9

Cointegration and causality between electricity consumption and GDP: empirical evidence from Malawi

The Granger-causality (GC) and error correction (ECM) techniques were applied on 1970–1999 data for Malawi to examine cointegration and causality between electricity consumption (kWh) and, respectively, overall GDP, agricultural-GDP (AGDP) and non-agricultural-GDP (NGDP). Cointegration was established between kWh and, respectively, GDP and NGDP, but not with AGDP. The GC results detect bi-directional causality between kWh and GDP suggesting that kWh and GDP are jointly determined, but one-way causality running from NGDP to kWh. The ECM results detect causality running one-way from GDP (also from NGDP) to kWh suggesting that a permanent rise in GDP may cause a permanent growth in electricity consumption.