Title | Core and periphery in the world economy: an empirical assessment of the integration of the developing countries into the world economy |
Publication Type | Journal Article |
Authors | Horváth, J., and R. Grabowski |
Journal title | International Economic Journal |
Year | 1999 |
Pages | 35 - 51 |
Volume | 13 |
Issue | 4 |
Abstract | In this paper a dynamic structural vector-autoregressive model is utilized to analyze the impact of shocks from the developed center (G-7) on the less developed periphery. Three possibilities emerge with less developed nations being negatively dependent on the center, positively integrated with the center, or independent of the center. A less developed country is classified as negatively dependent when shocks from the center have a negative impact and are relatively important in explaining variations in the output of the developing country. A less developed country is positively integrated if the shocks from the center have positive effects and explain a large share of the variation in output in the developing country. The results indicate that from the sample of eighty-six developed countries only five could be considered dependent, while the others are roughly equally divided into those positively integrated and those that are independent. |
Language | English |
Notes | exported from refbase (http://www.bibliography.ceu.hu/show.php?record=2244), last updated on Thu, 18 Jun 2009 11:26:00 +0200 |
Core and periphery in the world economy: an empirical assessment of the integration of the developing countries into the world economy
Unit:
Department of Economics and Business
Department of International Relations