Changing Nature of North-South Linkages
AbstractThis paper examines the changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows. We use a comprehensive database of macroeconomic and sectoral variables for 106 countries over the period 1960- 2005. We consider the South to be composed of two groups of countries, the Emerging South and the Developing South, based on the extent of their integration into the global economy. Using a panel regression framework, we find that the impact of the Northern economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth linkages between the North and Developing South have been rather stable over time. Our findings also suggest that the Northern and Emerging Southern economies have started to exhibit more intensive intra-group growth spillovers.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by International Monetary Fund in its series IMF Working Papers with number 07/280.
Date of creation: 01 Dec 2007
Date of revision:
Contact details of provider:
Postal: International Monetary Fund, Washington, DC USA
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htm
More information through EDIRC
This paper has been announced in the following NEP Reports:
- NEP-AFR-2008-01-26 (Africa)
- NEP-ALL-2008-01-26 (All new papers)
- NEP-DEV-2008-01-26 (Development)
- NEP-INT-2008-01-26 (International Trade)
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Laura Carsten & Martin Hüfner & Alexander Lau & Stormy Mildner & Karlhans Sauernheimer & Stefan A. Schirm & Isabella Timm-Guri, 2008. "Global Economic Governance - das Management der Weltwirtschaft ein Jahr nach dem G-8-Gipfel von Heiligendamm," Ifo Schnelldienst, Ifo Institute for Economic Research at the University of Munich, vol. 61(15), pages 03-29, 08.
- Marco Fugazza & Ana Cristina Molina, 2011. "On The Determinants Of Exports Survival," UNCTAD Blue Series Papers 46, United Nations Conference on Trade and Development.
- Matthew McCartney, 2011. "Pakistan, Growth, Dependency, and Crisis," Lahore Journal of Economics, Department of Economics, The Lahore School of Economics, vol. 16(Special E), pages 71-94, September.
- Nadeem Ilahi & Riham Shendy, 2008. "Do the Gulf Oil-Producing Countries Influence Regional Growth? T+L3886he Impact of Financial and Remittance Flows," IMF Working Papers 08/167, International Monetary Fund.
- Jaime Espinosa-Bowen & Nadeem Ilahi & Fahad Alturki, 2009. "How Russia Affects the Neighborhood," IMF Working Papers 09/277, International Monetary Fund.
- Jeffrey A. Edwards & Jennis J. Biser, 2011. "The interactive effect of remittances and civil liberties on investment and consumption," International Journal of Development Issues, Emerald Group Publishing, vol. 10(1), pages 20-33, April.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow) or (Hassan Zaidi).
If references are entirely missing, you can add them using this form.