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The immiserizing growth: an empirical evaluation

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  • Yasuyuki Sawada

Abstract

This article examines the empirical validity of immiserizing growth by using the revealed preference framework, together with macroeconomic growth data. We identify 26 episodes of immiserizing growth in the post-war world economy, mostly in Africa and Latin America. We also test statistically the restriction imposed by the standard macroeconomic framework that rule out the existence of immiserizing growth. The overall probability of immiserizing growth is found to be minimal in a cross section of countries.

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  • Yasuyuki Sawada, 2009. "The immiserizing growth: an empirical evaluation," Applied Economics, Taylor & Francis Journals, vol. 41(13), pages 1613-1620.
  • Handle: RePEc:taf:applec:v:41:y:2009:i:13:p:1613-1620
    DOI: 10.1080/00036840802052099
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    Cited by:

    1. Ishise, Hirokazu, 2022. "Optimal long-run inflation rate in an open economy," European Economic Review, Elsevier, vol. 148(C).
    2. Syed Tehseen Jawaid & Mariya Ahmad Qureshi & Samra Ali, 2021. "Does immiserizing growth exist? Evidence from world’s top trading nations," Journal of Chinese Economic and Foreign Trade Studies, Emerald Group Publishing Limited, vol. 14(2), pages 124-148, January.
    3. Wen-Xi Ruan & Xin Yu & Sheng-Yuan Wang & Tian-Cheng Zhao & Ya-Zhen Liu, 2022. "Exploration of China–ASEAN Trade Relations in the Context of Sustainable Economic Development—Based on the Lotka–Volterra Model," Sustainability, MDPI, vol. 15(1), pages 1-22, December.
    4. Todorova, Tamara, 2010. "World Demand as a Determinant of Immiserizing Growth," EconStor Open Access Articles and Book Chapters, ZBW - Leibniz Information Centre for Economics, vol. 2(3), pages 255-267.

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