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Growth regimes in central and peripheral countries: an econometric analysis, 1980-2018

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  • Emiliano Lopez
  • Deborah Nogueira

Abstract

We explore structural differences in growth patterns and income distribution betweencentral and peripheral countries. We provide dimensions that account for the structurallimitations that dependent positions have in the peripheries and semi-peripheries. We conductedan analysis through different estimates of panel data models for 35 central and peripheralcountries for the period 1980-2018. In particular, in addition to making the usual estimates ofthe components of aggregate demand, we include three variables that we consider representativeof the dynamics that capital accumulation takes in the periphery: participation in globalvalue chains, levels of foreignization of economies and labor productivity differentials. JEL Classification: F43; E25; C33.

Suggested Citation

  • Emiliano Lopez & Deborah Nogueira, 2023. "Growth regimes in central and peripheral countries: an econometric analysis, 1980-2018," Brazilian Journal of Political Economy, Center of Political Economy, vol. 43(3), pages 723-746.
  • Handle: RePEc:ekm:repojs:v:43:y:2023:i:3:p:723-746:id:2426
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    More about this item

    Keywords

    Growth regimes; income distribution; dependency; panel models;
    All these keywords.

    JEL classification:

    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies
    • E25 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Aggregate Factor Income Distribution
    • C33 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Models with Panel Data; Spatio-temporal Models

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