Munich Personal RePEc Archive

Mudança estrutural e a relação entre os setores em Cabo Verde

Pina, Gilson M. G. (2013): Mudança estrutural e a relação entre os setores em Cabo Verde.

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Abstract

The aim of this article is to investigate the relationship between sectors of activity in a small economy, exemplified by the case of Cape Verde, in order to analyze the impact that each one has on the others. Using the vector autoregressive (VAR) approach, the short-run and long-run relationships were estimated among the three main sectors of activity in the Cape Verdean economy, namely agriculture, industry and services, from 1980 to 2010. The main results showed that the services sector is the only exogenous sector in the Cape Verdean economy, and it has a positive effect on the variation of the added value of industry sector and negative effect in agriculture sector, unlike industry that is correlated positively with all others sectors.

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