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Determinants of Economic Growth in Founder Countries of the PA and the ASAN

Author

Listed:
  • Daniel Osorio Barreto
  • Carlos David Cardona Arenas
  • José Hernán Parra Sánchez
  • Cristian Felipe Jiménez Varón
  • Juan Manuel Cardona Duque

Abstract

The objective of this article is to carry out an approach from a systematic review of the literature and about the determinants of economic growth from a Kaldorian virtuous cycle approach focused on the founder countries of the Pacific Alliance and the Association of Southeast Asia Nations through databases such as Web of Science and Scopus. Two knowledge gaps have been identified. The first corresponds to the lack of studies that comparatively analyze the Kaldorian determinants of virtuous economic growth; the second is the shortage of publications related to the identification of convergence/divergence between countries and trade blocs, which no other paper has yet studied. As a complementary section, the exploratory cluster analysis revealed that the clusters of countries formed from 1990 to 2018 had been maintained.

Suggested Citation

  • Daniel Osorio Barreto & Carlos David Cardona Arenas & José Hernán Parra Sánchez & Cristian Felipe Jiménez Varón & Juan Manuel Cardona Duque, 2022. "Determinants of Economic Growth in Founder Countries of the PA and the ASAN," Revista Equidad y Desarrollo, Universidad de la Salle, vol. 39(39), pages 1-178, October.
    • Handle: RePEc:col:000452:020472
    DOI: 10.19052/eq.vol1.iss39.3
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    More about this item

    Keywords

    Economic Growth; Kaldor Laws; Industrialization; Structural Change;
    All these keywords.

    JEL classification:

    • B22 - Schools of Economic Thought and Methodology - - History of Economic Thought since 1925 - - - Macroeconomics
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • L16 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance - - - Industrial Organization and Macroeconomics; Macroeconomic Industrial Structure

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