1887

Asia-Pacific Development Journal

The Asia-Pacific Development Journal (APDJ) is published twice a year by the United Nations Economic and Social Commission for Asia and the Pacific. The primary objective of the APDJ is to provide a platform for the exchange of knowledge, experience, ideas, information and data on all aspects of economic and social development issues and concerns facing the region and aims to stimulate policy debate and assist policy formulation. The APDJ provides a scholarly means for bringing together research work by eminent social scientists and development practitioners from the region and beyond for use by a variety of stakeholders. The Journal aims to stimulate policy debate and assist policy formulation in the region.

English

An empirical investigation of the spillover effects of services and manufacturing sectors in ASEAN countries

The services sector has experienced phenomenal expansion in several regions throughout the world, particularly since the 1980s. Similarly, the manufacturing sector has also expanded, although at a slower pace than the services sector. It is quite likely that there is a two-way spillover effect as a result of the growth in these two sectors: expansion of the services sector contributes to the expansion of the manufacturing sector, and vice versa. In this paper, this likely spillover effect is examined using the experience of ASEAN economies. The empirical results confirm a strong, positive bi-directional influence of growth of services and manufacturing. It is also the case that investment in services and manufacturing is essential for the expansion of both sectors.

English

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error