Analysis of multi-country manufacturing value-added (MVA) using a dynamic panel model

Industrialization is required to increase an economy's competitiveness and living standards, as well catch up more developed economies; while low lower-middle-income countries' average performance over the last five decades has been disappointing at 6.7 17.4%, respectively. Fabrication exports account for 37.1% of total low-middle-income 9.6% income. As a result, this article's main objective discover why manufacturing historically played such minor role in these economies. It also looked into influencing factors. Literature review was conducted. The study used national multi-country panel data. There were multiple comparative descriptive analyses using tables figures. one-step system generalized-method moments (GMM) model longitudinal identified key factors limiting MVA share. economic complexity index positive growing trends. Income growth correlates with growth. share low-income countries fallen. Some affecting include credit availability net foreign direct investment (FDI) performance. Regulatory quality, political stability other directly impact Export GDP per capita have significant on both long short run. While private negative impact. research findings policy implications, including increased higher   Key words: Manufacturing development, value-added, multi-country, causes, moments.