Isi and new industrial conditions in latin america and africa

WARBURTON, Christopher E.S. ^[1]
1. [1] City University of New York
  
  City University of New York
  
  Estados Unidos
Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 12, Nº. 2, 2012, págs. 20-40
Idioma: inglés
Enlaces
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Resumen
- This paper examines the relationship between industrial value added and economic liberalization for a variety of relatively small economies that adopted import-substituting industrialization (ISI) and export led growth in the past. The strong economic performance by some Sub-Saharan African countries in an era of globalization induces inquiry into the contribution of industry to economic growth for a variety of small economies with different political structures and industrial policies. Using cointegration and time series data, this paper finds that industry value added has a long-run relationship with economic liberalization in the case of Ghana, but not for all countries considered.