Cover IMF Working Papers
Buy Book in Print
Changing Nature of North-South Linkages: Stylized Facts and Explanations
Author:
Miss Cigdem Akin
Search for other papers by Miss Cigdem Akin in
Current site
Google Scholar Close
and
Mr. Ayhan Kose
Search for other papers by Mr. Ayhan Kose in
Current site
Google Scholar Close
Series:
IMF Working Papers
Volume/Issue:
Volume 2007: Issue 280
Language:
English
Publication Date:
01 Dec 2007
DOI:
https://doi.org/10.5089/9781451868432.001
ISBN:
9781451868432
ISSN:
1018-5941
Pages:
57
Keywords:
WP; globalization period; Emerging South group; Emerging South economy; growth spillover
Legal-disclaimer:
IMF Working Papers describe research in progress by the author(s) and are published to elicit comments and to encourage debate. The views expressed in IMF Working Papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.
Download PDF (374.1 KB) Download Epub
This paper examines the changing nature of growth spillovers between developed economies, the North, and developing countries, the South, driven by the process of globalization?the phenomenon of rising international trade and financial flows. We use a comprehensive database of macroeconomic and sectoral variables for 106 countries over the period 1960- 2005. We consider the South to be composed of two groups of countries, the Emerging South and the Developing South, based on the extent of their integration into the global economy. Using a panel regression framework, we find that the impact of the Northern economic activity on the Emerging South has declined during the globalization period (1986-2005). In contrast, the growth linkages between the North and Developing South have been rather stable over time. Our findings also suggest that the Northern and Emerging Southern economies have started to exhibit more intensive intra-group growth spillovers.
  • Collapse
  • Expand
Cover IMF Working Papers
IMF Working Papers
ISSN:
1018-5941
Publisher:
International Monetary Fund