The authors analyze sectoral growth in Ecuador using multivariate cointegration analysis. They find significant long-run relationships between the agricultural industrial and service sectors. Moreover, they are able to derive dynamic sector models that combine the short-run links between the...

Focusing mainly on industry has not been optimal policy in Côte d'Ivoire, Ghana, and Zimbabwe. For maximum economywide growth, it would have been better to balance policies to facilitate growth in all three sectors: agriculture, industry, and services

The frequent recommendation to exclude the oil sector from economic analysis may be short-sighted, as adverse shocks to the oil industry are likely to affect other sectors through the financial and public sectors, with which the oil sector has many links. There are also significant long-run...