Changing Nature of North-South Linkages: Stylized Facts and Explanations

59 Pages Posted: 27 Dec 2007

See all articles by Çiğdem Akın

Çiğdem Akın

The Johns Hopkins University School of Advanced International Studies (SAIS) ; Johns Hopkins University SAIS International Economics Program; Johns Hopkins University SAIS International Economics Program

M. Ayhan Kose

World Bank; Brookings Institution; Centre for Economic Policy Research (CEPR); Australian National University (ANU)

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Date Written: December 2007

Abstract

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.

Keywords: Working Paper

Suggested Citation

Akın, Çiğdem and Akın, Çiğdem and Akın, Çiğdem and Kose, M. Ayhan, Changing Nature of North-South Linkages: Stylized Facts and Explanations (December 2007). IMF Working Paper No. 07/280, Available at SSRN: https://ssrn.com/abstract=1078786

Çiğdem Akın

Johns Hopkins University SAIS International Economics Program ( email )

1717 Massachusetts Avenue, NW
Washington, DC 20036-1984
United States
202 5317509 (Phone)
202 6637718 (Fax)

The Johns Hopkins University School of Advanced International Studies (SAIS) ( email )

1717 Massachusetts Avenue, NW BOB 718
Washington, DC 20036
United States
202 5317509 (Phone)
202 6637718 (Fax)

Johns Hopkins University SAIS International Economics Program ( email )

1717 Massachusetts Avenue, NW
Washington, DC 20036-1984
United States
202 5317509 (Phone)
202 6637718 (Fax)

M. Ayhan Kose (Contact Author)

World Bank ( email )

1818 H Street, NW
Washington, DC 20433
United States

Brookings Institution ( email )

1775 Massachusetts Ave, NW
Washington, DC 20036
United States

Centre for Economic Policy Research (CEPR) ( email )

London
United Kingdom

Australian National University (ANU) ( email )

Canberra, Australian Capital Territory 2601
Australia

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