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

José Antonio Ocampo and Mariangela Parra Lancourt

Chapter 4 in Economic Growth with Equity, 2007, pp 61-92 from Palgrave Macmillan

Abstract: 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.

Keywords: Real Interest Rate; Growth Spurt; Growth Success; Increase Market Share; Interest Rate Shock (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
Book: The dual divergence: growth successes and collapses in the developing world since 1980 (2007)
Working Paper: The Dual Divergence: Growth Successes and Collapses in the Developing World since 1980 (2006)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-80091-5_4

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230800915

DOI: 10.1057/9780230800915_4

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().