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Economic growth in emerging economies: what, who and why

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  • Donatella Saccone

Abstract

This article proposes a general definition of emerging economies (EEs) and investigates the main determinants of their high rates of economic growth by extending the basic framework of neoclassical growth models to include various dimensions of economic development. According to the proposed definition, we find a list of 38 EEs for the period 2000–2014, whose emergence is proved to be strictly associated with the decline of the age dependency ratio, the increasing rates of investment growth and the improvements in human capital.

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  • Donatella Saccone, 2017. "Economic growth in emerging economies: what, who and why," Applied Economics Letters, Taylor & Francis Journals, vol. 24(11), pages 800-803, June.
    • Handle: RePEc:taf:apeclt:v:24:y:2017:i:11:p:800-803
    DOI: 10.1080/13504851.2016.1229407
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    References listed on IDEAS

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    1. Bloom, David E & Williamson, Jeffrey G, 1998. "Demographic Transitions and Economic Miracles in Emerging Asia," The World Bank Economic Review, World Bank, vol. 12(3), pages 419-455, September.
    2. Robert J. Barro, 1991. "Economic Growth in a Cross Section of Countries," The Quarterly Journal of Economics, President and Fellows of Harvard College, vol. 106(2), pages 407-443.
    3. Bloom, David E. & Canning, David & Hu, Linlin & Liu, Yuanli & Mahal, Ajay & Yip, Winnie, 2010. "The contribution of population health and demographic change to economic growth in China and India," Journal of Comparative Economics, Elsevier, vol. 38(1), pages 17-33, March.
    4. Choudhry, Misbah T. & Elhorst, J. Paul, 2010. "Demographic transition and economic growth in China, India and Pakistan," Economic Systems, Elsevier, vol. 34(3), pages 218-236, September.
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    Cited by:

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    4. Donatella Saccone & Mario Deaglio, 2020. "Poverty, emergence, boom and affluence: a new classification of economies," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 37(1), pages 267-306, April.
    5. Elita Mora & Irene Vicente & Patricia Villegas & Rafael Alvarado, 2017. "Relación entre el capital humano y el producto en Ecuador: el rol de las políticas educativas," Economic Analysis Working Papers (2002-2010). Atlantic Review of Economics (2011-2016), Colexio de Economistas de A Coruña, Spain and Fundación Una Galicia Moderna, vol. 1, pages 1-1, June.
    6. Donatella Saccone & Matteo Migheli, 2022. "Free to escape? Economic freedoms, growth and poverty traps," Review of Development Economics, Wiley Blackwell, vol. 26(3), pages 1518-1554, August.
    7. Natalia I. Doré & Aurora A. C. Teixeira, 2023. "Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research," Global Journal of Emerging Market Economies, Emerging Markets Forum, vol. 15(1), pages 7-37, January.

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