- A-Z
- Jena Economic Resea...
- Volume 3
- Does Growth Cause S...
- Autor(in)
- Erschienen
- 11. Mai 2009
- Nummer des Discussion-Papers
-
2009-034
- Schlagwort(e)
-
economic growth
panel Granger-causality-test
structural change
tertiarization
- Zusammenfsg.
-
In economic development, structural change among the three main sectors of an economy accompanies with aggregate economic growth. Nevertheless the question whether economic growth causes structural change or change in the economic structure causes aggregate growth is still unanswered. To shed some more light on this issue, this study examines a Granger-causality test in a panel environment to determine the causality of economic growth and structural change measured either in terms of employment shares or in terms of real value added shares. Estimation and analysis with annual data of seven OECD countries covering the period from 1960-2004 show that the causality appears to be heterogeneous.
- article pub. typess JER
- Research article
- article languages JER
- Englisch
- article research fields JER
- economics
- JEL-Classification for JER
- L16 - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure; Industrial Price Indices ; O14 - Industrialization; Manufacturing and Service Industries; Choice of Technology ; O57 - Comparative Studies of Countries