Structural Change and Economic Growth in Schengen Region

Tahir Mahmood; Mikael Linden

Structural Change and Economic Growth in Schengen Region

Year 2017, Volume: 7 Issue: 1, 303 - 311, 01.03.2017

Abstract

The structural change of economy entails that in the long run how the dynamics of three main sectors (i.e. agriculture, industry and services) are related to economic growth. We conduct Granger non-causality (GC) tests with data from 15 Schengen countries in period 1970-2012. The results confirmed that industry sector is still the “engine” of economy and the larger service sector retards the gross domestic product per capita (GDPc) growth rate in Schengen region. The results support Baumol’s argument concerning the productivity differences and their growth effects across the sectors.

Keywords

Sector shares, economic growth, panel data, co-integration, error correction

Year 2017, Volume: 7 Issue: 1, 303 - 311, 01.03.2017

Tahir Mahmood Mikael Linden

Abstract

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Details

Other ID	JA45TF38VE
Journal Section	Research Article
Authors	Tahir Mahmood This is me Mikael Linden This is me
Publication Date	March 1, 2017
Published in Issue	Year 2017 Volume: 7 Issue: 1

Cite

APA	Mahmood, T., & Linden, M. (2017). Structural Change and Economic Growth in Schengen Region. International Journal of Economics and Financial Issues, 7(1), 303-311.
AMA	Mahmood T, Linden M. Structural Change and Economic Growth in Schengen Region. IJEFI. March 2017;7(1):303-311.
Chicago	Mahmood, Tahir, and Mikael Linden. “Structural Change and Economic Growth in Schengen Region”. International Journal of Economics and Financial Issues 7, no. 1 (March 2017): 303-11.
EndNote	Mahmood T, Linden M (March 1, 2017) Structural Change and Economic Growth in Schengen Region. International Journal of Economics and Financial Issues 7 1 303–311.
IEEE	T. Mahmood and M. Linden, “Structural Change and Economic Growth in Schengen Region”, IJEFI, vol. 7, no. 1, pp. 303–311, 2017.
ISNAD	Mahmood, Tahir - Linden, Mikael. “Structural Change and Economic Growth in Schengen Region”. International Journal of Economics and Financial Issues 7/1 (March 2017), 303-311.
JAMA	Mahmood T, Linden M. Structural Change and Economic Growth in Schengen Region. IJEFI. 2017;7:303–311.
MLA	Mahmood, Tahir and Mikael Linden. “Structural Change and Economic Growth in Schengen Region”. International Journal of Economics and Financial Issues, vol. 7, no. 1, 2017, pp. 303-11.
Vancouver	Mahmood T, Linden M. Structural Change and Economic Growth in Schengen Region. IJEFI. 2017;7(1):303-11.