Country Growth Patterns: How Do Industrial and Emerging Market Nations Differ?

Bala Batavia and Parameswar Nandakumar

The Journal of Economic Asymmetries, 2011, vol. 8, issue 2, 61-72

Abstract: Some well-known two-sector models of industrial countries exhibit a crowding out effect between the main sectors of the economy. This is true of the Small Open Economy, traded-non-traded good model without nominal wage rigidity, and for the model of the Dutch Disease. In contrast, important models of semi-industrialized countries, or even emerging markets, such as the Bose Model, portray a complementary relation between the various sectors. This paper discusses a possible synthesis between these differing model specifications, and tests the applicability of these models for a large sample of industrial countries, emerging markets and developing economies by analyzing the inter-linkages in their sector growth patterns.

Keywords: Open economy models; Dutch disease; Emerging markets; Sectoral growth patterns (search for similar items in EconPapers)
JEL-codes: F O (search for similar items in EconPapers)
Date: 2011
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Persistent link: https://EconPapers.repec.org/RePEc:eee:joecas:v:8:y:2011:i:2:p:61-72

DOI: 10.1016/j.jeca.2011.02.006

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