THE IMPACT STRUCTURE OF THE PRODUCTIVE ECONOMY ON THE ECONOMIC GROWTH: EVIDENCE FROM IRAQ
Keywords:
Productive economy structure, services sector, manufacturing sector, banking sector, agriculture sector, oil sector, economic growthAbstract
A productive economy's structural effects are necessary for economic development (EG) and have attracted global attention. The current research explores the impact of the structure of a productive economy, such as the production of services, manufacturing, banking, agriculture, and the oil sector, on the EG in Iraq. The researchers used secondary data from the World Development Indicators (WDI) database between 1986 and 2021. The researchers additionally evaluate the relationship between the variables using Dynamic Autoregressive Distributed Lag (DARDL). The results demonstrated a good relationship between the production of services, manufacturing, banking, agricultural, and oil sectors in Iraq and EG. The research provides policymakers with suggestions for formulating policies relating to achieving high EG through a productive economy's effective structure.