Growth regimes in central and peripheral countries: an econometric analysis, 1980-2018

Emiliano Lopez () and Deborah Nogueira ()

Brazilian Journal of Political Economy, 2023, vol. 43, issue 3, 723-746

Abstract: We explore structural differences in growth patterns and income distribution betweencentral and peripheral countries. We provide dimensions that account for the structurallimitations that dependent positions have in the peripheries and semi-peripheries. We conductedan analysis through different estimates of panel data models for 35 central and peripheralcountries for the period 1980-2018. In particular, in addition to making the usual estimates ofthe components of aggregate demand, we include three variables that we consider representativeof the dynamics that capital accumulation takes in the periphery: participation in globalvalue chains, levels of foreignization of economies and labor productivity differentials. JEL Classification: F43; E25; C33.

Keywords: Growth regimes; income distribution; dependency; panel models (search for similar items in EconPapers)
Date: 2023
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