The economy of Espírito Santo is experiencing a process of deindustrialization?

Abstract

This paper examines whether Espírito Santo's economy is undergoing a process of deindustrialisation in recent decades. For this we have estimated one empirical model based on Rowthorn and Ramaswamy (1999), which examined the process of deindustrialisation in developed and developing countries, respectively. The database used has been the participation of industry in Total Added Value (TAV) and it is not found evidence that the local economy is suffering a deindustrialisation. In addition, it has been shown that the industrial structure of Espírito Santo is strongly concentrated in commodities and estimates have shown that commodity price indices have influenced positively, although on a small scale, the participation of industry in TAV.