TY - JOUR
T1 - Core and periphery in the world economy
T2 - An empirical assessment of the integration of the developing countries into the world economy
AU - Horváth, Július
AU - Grabowski, Richard
PY - 1999/12
Y1 - 1999/12
N2 - 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. [F02, F43, 050].
AB - 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. [F02, F43, 050].
UR - http://www.scopus.com/inward/record.url?scp=1842702818&partnerID=8YFLogxK
U2 - 10.1080/10168739900000043
DO - 10.1080/10168739900000043
M3 - Article
AN - SCOPUS:1842702818
SN - 1016-8737
VL - 13
SP - 35
EP - 51
JO - International Economic Journal
JF - International Economic Journal
IS - 4
ER -