ISI and New Industrial Conditions in Latin America and Africa
AbstractThis paper examines the relationship between industrial value added and economic liberalization for a variety of relatively small economies that adopted import-substituting industrialization (ISI) and export led growth in the past. The strong economic performance by some Sub-Saharan African countries in an era of globalization induces inquiry into the contribution of industry to economic growth for a variety of small economies with different political structures and industrial policies. Using cointegration and time series data, this paper finds that industry value added has a long-run relationship with economic liberalization in the case of Ghana, but not for all countries considered.
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Bibliographic InfoArticle provided by Euro-American Association of Economic Development in its journal Applied Econometrics and International Development.
Volume (Year): 12 (2012)
Issue (Month): 2 ()
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Web page: http://www.usc.es/economet/eaa.htm
Find related papers by JEL classification:
- F15 - International Economics - - Trade - - - Economic Integration
- F54 - International Economics - - International Relations, National Security, and International Political Economy - - - Colonialism; Imperialism; Postcolonialism
- L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure
- L78 - Industrial Organization - - Industry Studies: Primary Products and Construction - - - Government Policy
- L98 - Industrial Organization - - Industry Studies: Transportation and Utilities - - - Government Policy
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