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The Dual Divergence: Growth Successes and Collapses in the Developing World Since 1980

In: Economic Growth with Equity

Author

Listed:
  • José Antonio Ocampo
  • María Angela Parra

Abstract

Cross-country econometrics has been the preferred tool of empirical growth analysis over the past 20 years. This literature has tended to focus on long time periods, ignoring the instability and volatility of growth patterns in developing countries. Because shocks play a central role in explaining variations in growth patterns in the developing world (Easterly et al. 1993), the meaning of the statistical coefficient estimated for long periods of time is unclear. In this sense, the use of panel data econometrics for shorter periods may be more appropriate, although, for many reasons, not ideal (Pritchett, 2000). Another route is to examine factors that determine growth spurts (accelerations) and collapses. Country-specific historical analysis is a third route (see, for example, Rodrik, 2003, among others), but the comparability of such analyses is a significant limitation in this regard.

Suggested Citation

  • José Antonio Ocampo & María Angela Parra, 2007. "The Dual Divergence: Growth Successes and Collapses in the Developing World Since 1980," Palgrave Macmillan Books, in: Ricardo Ffrench-Davis & José Luis Machinea (ed.), Economic Growth with Equity, chapter 4, pages 61-92, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-0-230-80091-5_4
    DOI: 10.1057/9780230800915_4
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    Cited by:

    1. is not listed on IDEAS
    2. Ocampo Jose Antonio, 2010. "Rethinking Global Economic and Social Governance," Journal of Globalization and Development, De Gruyter, vol. 1(1), pages 1-29, January.
    3. Machiko, Nissanke, 2011. "International and Institutional Traps in Sub-Saharan Africa under Globalisation: A Comparative Perspective," CEI Working Paper Series 2011-6, Center for Economic Institutions, Institute of Economic Research, Hitotsubashi University.
    4. Deepak Nayyar, 2008. "Learning to Unlearn from Development," Oxford Development Studies, Taylor & Francis Journals, vol. 36(3), pages 259-280.
    5. Machinea, José Luis & Vera, Cecilia, 2005. "Trade, Direct Investment and Production Policies," IDB Publications (Working Papers) 3691, Inter-American Development Bank.

    More about this item

    Keywords

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    JEL classification:

    • O1 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
    • F1 - International Economics - - Trade
    • F4 - International Economics - - Macroeconomic Aspects of International Trade and Finance
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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