Have North-South Growth Linkages Changed?

Alexander Hoffmaister, Mahmood Pradhan and Hossein Samiei

No 1996/054, IMF Working Papers from International Monetary Fund

Abstract: This paper provides preliminary econometric evidence suggesting that the traditional trade-based business cycle linkages between the North and the South have changed. Many countries in the South, in particular in Asia, appear to have become more resilient to cyclical movements in the North, and to have come to play a more significant role in sustaining global activity, in particular during the 1991-93 slowdown. A number of factors may have contributed to these changes: improved domestic policies and more open trade and exchange regimes; closer financial linkages with the North and a substantial increase in capital flows; a marked rise in inter-regional trade; and greater diversification of the exports of the South.

Keywords: WP; developing country; export; regions export; industrial country; export share; developing country export; significance level; superscripts n; world export; commodity export; growth rate; developing country region; trade linkage; stabilization scheme; Exports; Capital flows; Export diversification; Foreign direct investment; Production growth; Asia and Pacific; Western Hemisphere; North America; Europe; Middle East (search for similar items in EconPapers)
Pages: 38
Date: 1996-05-01
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=2028 (application/pdf)

Related works:
Journal Article: Have North-South growth linkages changed? (1998)
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:imf:imfwpa:1996/054

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Working Papers from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().