Analysis of the relationship of gross domestic product of municipalities of Santa Catarina state with added value statement

Abstract

This study aims to analyze the relationship of Gross Domestic Product (GDP) of municipalities in the state of Santa Catarina with Added Value Statements (AVS) of Agribusiness Industry, Services and Administration. The results show that there was a strong relationship between GDP and all AVS analyzed since all were reported as significant. It was also found that the AVS of the Administration, when analyzed as a whole was the one which presented less correlation with GDP and in the individual analysis, the AVS Agribusiness was the one with less relation to GDP. Moreover, both variables are the ones showing lower value, when added all the values of each AVS, from all the municipalities and compared to other analyzed AVS. We conclude that the AVS is a strong ally for the formation of GDP, it diagnoses the situation of municipalities and shows how these are collaborating to reach the value of GDP.