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(SAMs) is analyzed based on the multiplier model. A buttress of robust checks including a Vector Error Correction Model … income injection across sectors has a larger multiplier effect (in terms of output, GDP, income, and consumption) than the … service sector followed by agriculture and then the industrial sector. Despite the higher multiplier effects of the services …
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This paper investigates the effects of manufacturing and of the real exchange rate (RER) on real per capita income growth. We use dynamic panel models and the calculation of output and employment multipliers for a diversified sample of countries from 1990 to 2011. Three important results can be...
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