IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/15017.html
   My bibliography  Save this paper

The Analysis of ‘Leading Sectors’: A Long term view of 18 Latin American economies

Author

Listed:
  • Acevedo, Alejandra
  • Mold, Andrew
  • Perez Caldentey, Esteban

Abstract

In the 1950s and 60s, in Latin America structuralism was considered as the preeminent form of analysis of economic development and growth. Nowadays, in contrast, as a mode of analysis structuralism is distinctly unfashionable, and has been superceded by newer endogenous growth theories, which build on earlier neoclassical contributions. Beyond broad endorsements of enhancing human capital, promoting infrastructure provision and the importance of sustaining investment levels, it is arguable whether endogenous growth theories been able to shed much light on the dynamics of growth. This paper revindicates the utility of structuralist analysis in the analysis of Latin American growth patterns. Through some simple empirical tests, it explores the relationship between economic growth and structural performance. Using as high a level of disaggregation as the data allows, we use dynamic panel data analysis together with a steady state model to calculate the elasticities of sectoral growth to overall output. The implications for resource allocation and policies to promote particular sectors are discussed.

Suggested Citation

  • Acevedo, Alejandra & Mold, Andrew & Perez Caldentey, Esteban, 2009. "The Analysis of ‘Leading Sectors’: A Long term view of 18 Latin American economies," MPRA Paper 15017, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:15017
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/15017/1/MPRA_paper_15017.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Mario Cimoli & Nelson Correa, 2002. "Trade Openess and Technological Gaps in Latin America: a Low Growth Trap," LEM Papers Series 2002/14, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    2. Alessandro Turrini, 2003. "International Trade And Labour Market Performance:Major Findings And Open Questions," UNCTAD Blue Series Papers 20, United Nations Conference on Trade and Development.
    3. Rosemary Thorp, 1998. "Progress, Poverty and Exclusion: An Economic History of Latin America in the 20th Century," IDB Publications (Books), Inter-American Development Bank, number 79303, February.
    4. Mr. Anoop Singh & Mr. Martin D. Cerisola, 2006. "Sustaining Latin America's Resurgence: Some Historical Perspectives," IMF Working Papers 2006/252, International Monetary Fund.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Cantore, Nicola & Clara, Michele & Lavopa, Alejandro & Soare, Camelia, 2017. "Manufacturing as an engine of growth: Which is the best fuel?," Structural Change and Economic Dynamics, Elsevier, vol. 42(C), pages 56-66.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. M. del Mar Rubio Varas, 2006. "Protectionist but globalised? Latin American custom duties and trade during the pre-1914 belle époque," Economics Working Papers 967, Department of Economics and Business, Universitat Pompeu Fabra.
    2. Astorga, Pablo, 2012. "Mean reversion in long-horizon real exchange rates: Evidence from Latin America," Journal of International Money and Finance, Elsevier, vol. 31(6), pages 1529-1550.
    3. Martin Victor & Vazquez Guillermo, 2015. "Club convergence in Latin America," The B.E. Journal of Macroeconomics, De Gruyter, vol. 15(2), pages 791-820, July.
    4. Mar Rubio & Mauricio Folchi, 2005. "The apparent consumption of fossil energy as an indicator of modernisation in Latin America by 1925: a proposal using foreign trade statistics," Working Papers 5056, Economic History Society.
    5. Salazar-Xirinachs, Jose M., 2002. "Proliferation of sub-Regional Trade Agreements in the Americas: an assessment of key analytical and policy issues," Journal of Asian Economics, Elsevier, vol. 13(2), pages 181-212.
    6. Sebastian Edwards, 2009. "Latin America's Decline: A Long Historical View," NBER Working Papers 15171, National Bureau of Economic Research, Inc.
    7. M. d. MAR RUBIO & CÉSAR YÁÑEZ & MAURICIO FOLCHI & ALBERT CARRERAS, 2010. "Energy as an indicator of modernization in Latin America, 1890–1925," Economic History Review, Economic History Society, vol. 63(3), pages 769-804, August.
    8. António Afonso & Gabriela Baquero Fraga, 2024. "Government spending efficiency in Latin America," Empirica, Springer;Austrian Institute for Economic Research;Austrian Economic Association, vol. 51(1), pages 127-160, February.
    9. Leandro Prados de la Escosura, 2015. "World Human Development: 1870–2007," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 61(2), pages 220-247, June.
    10. Manoel BITTENCOURT, 2009. "Macroeconomic Performance And Inequality: Brazil, 1983–94," The Developing Economies, Institute of Developing Economies, vol. 47(1), pages 30-52, March.
    11. Samuel GUERINEAU & Pascale COMBES MOTEL & Jean-Louis COMBES, 2008. "Deforestation and credit cycles in Latin American countries," Working Papers 200808, CERDI.
    12. Erik S. Reinert & Rainer Kattel, 2007. "European Eastern Enlargement as Europe's Attempted Economic Suicide?," The Other Canon Foundation and Tallinn University of Technology Working Papers in Technology Governance and Economic Dynamics 14, TUT Ragnar Nurkse Department of Innovation and Governance.
    13. Bittencourt, Manoel, 2011. "Inflation and financial development: Evidence from Brazil," Economic Modelling, Elsevier, vol. 28(1), pages 91-99.
    14. Grogan, Louise, 2018. "Time use impacts of rural electrification: Longitudinal evidence from Guatemala," Journal of Development Economics, Elsevier, vol. 135(C), pages 304-317.
    15. Orihuela, José Carlos, 2017. "Assembling participatory Tambopata: Environmentality entrepreneurs and the political economy of nature," Forest Policy and Economics, Elsevier, vol. 80(C), pages 52-62.
    16. Meshach J. Aziakpono & Nicolette Cattaneo & T. D. Karoro, 2008. "Exchange rate pass-through to import prices in South Africa: Is there asymmetry?," Working Papers 086, Economic Research Southern Africa.
    17. Manoel Bittencourt, 2007. "Macroeconomic Performance and Inequality: Brazil 1983-1994," Ibero America Institute for Econ. Research (IAI) Discussion Papers 163, Ibero-America Institute for Economic Research.
    18. Bittencourt, Manoel, 2012. "Inflation and economic growth in Latin America: Some panel time-series evidence," Economic Modelling, Elsevier, vol. 29(2), pages 333-340.
    19. Enriqueta Camps, 2009. "Globalization and culture shaping the gender gap: A comparative analysis of urban Latin America and East Asia (1970 - 2000)," Economics Working Papers 1145, Department of Economics and Business, Universitat Pompeu Fabra.
    20. Zauresh Atakhanova, 2021. "Support services in the extractive industries and the role of innovation," Mineral Economics, Springer;Raw Materials Group (RMG);Luleå University of Technology, vol. 34(1), pages 141-150, April.

    More about this item

    Keywords

    Growth; Structural Change; Latin America; Kaldor Growth Laws; Economic Development;
    All these keywords.

    JEL classification:

    • B52 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Historical; Institutional; Evolutionary; Modern Monetary Theory;
    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O14 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology

    NEP fields

    This paper has been announced in the following NEP Reports:

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:15017. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.