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The industrial sector has a crucial position in the economic growth process. However, industrial production falls before reaching the desired level, and countries abandon the objective of industrialization at an early stage. The transformation of agricultural economies into industrial economies over time is the first step in the development of the three-sector theory. It is argued that economic growth will occur as a result of the formation of a country's physical capital accumulation. In this framework, the Kaldor hypothesis was investigated by many researchers. In this study, it has been investigated how and in what way the industrial value-added will be affected by physical and human capital accumulation. For this purpose, as a result of the "Driscoll-Kraay Standard Error Estimator" obtained from the annual data of 34 OECD countries for 1996 and 2018, it was found that the improvements in physical capital increase the industrial value-added. On the other hand, it was concluded that the increase in human capital expenditures decrease the share of the industrial sector. [ABSTRACT FROM AUTHOR]

Corruption is a common problem of developing, developed and underdeveloped countries. The relationship between corruption and economic growth may occur both directly and through corruption transmission channels. In this research using Panel Data Analysis, besides the direct impact of corruption on economic growth, the impact of corruption through human capital and investment channels that are accepted in the literature, has been analysed with the data of 11 member countries of the Black Sea Economic Cooperation BSEC between 2003-2017. As a result of the analysis, it is seen that besides the direct impact of corruption negative effect on economic growth, corruption also affects the economic growth through investment, channel. On the other hand, since there is no significant relationship between human capital and economic growth, it is concluded that the human capital variable does not act as a corruption transmission channel fort he BSEC countries. [ABSTRACT FROM AUTHOR]