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Country Growth Patterns: How Do Industrial and Emerging Market Nations Differ?
DePaul University, Chicago, USA.
Södertörn University, School of Social Sciences, Economics. Indian Institute of Management-Kozhikode, Kerala, India.
2011 (English)In: Journal of Economic Asymmetries, ISSN 1703-4949, Vol. 8, no 2, p. 61-72Article in journal (Refereed) Published
Abstract [en]

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.

Place, publisher, year, edition, pages
2011. Vol. 8, no 2, p. 61-72
Keywords [en]
Open economy models, Dutch disease, Emerging markets, Sectoral growth patterns
National Category
Economics
Identifiers
URN: urn:nbn:se:sh:diva-35257DOI: 10.1016/j.jeca.2011.02.006OAI: oai:DiVA.org:sh-35257DiVA, id: diva2:1211765
Available from: 2018-05-31 Created: 2018-05-31 Last updated: 2018-05-31Bibliographically approved

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Nandakumar, Parameswar

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CiteExportLink to record
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  • apa
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