106224 20230519145509.0 doi 10.3390/su13126674 sideral 124454 ART-2021-124454 eng Barrado, Beatriz (orcid)0000-0003-2033-801X The use of decomposition methods to understand the economic growth gap between Latin America and east Asia 2021 Access copy available to the general public Unrestricted Understanding how growth factors contribute to explaining the large differences in growth rates across countries remains an important research agenda. The common approach to exploring this issue is based on the use of multiple linear regression analyses. This work contributes to growth literature by applying a new perspective based on the use of variance decomposition procedures: Shapley–Owen–Shorrocks and Oaxaca–Blinder. These methodologies have four main advantages with respect to traditional methodologies: they make possible the quantification of the relative contribution of each factor to economic growth, they allow us to estimate the efficiency in the use of the endowments of each factor, they can be used with any functional form and they can be used with estimation methods that are robust regarding endogeneity issues. We illustrate these advantages by analyzing the causes of the economic growth gap between Latin America and East Asia over the period 1980–2014. We find that the economic growth divergence between the two regions can be primarily explained by the differences in institutions and physical capital. In addition, the results indicate that the higher East Asian performance is not only due to its higher levels of endowments in these factors, but also to the higher efficiency in its use. We connect our results with the 2030 Agenda for Sustainable Development. info:eu-repo/semantics/openAccess by http://creativecommons.org/licenses/by/3.0/es/ 3.889 2021 ENVIRONMENTAL STUDIES 57 / 128 = 0.445 2021 Q2 T2 ENVIRONMENTAL SCIENCES 133 / 279 = 0.477 2021 Q2 T2 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 35 / 47 = 0.745 2021 Q3 T3 GREEN & SUSTAINABLE SCIENCE & TECHNOLOGY 7 / 9 = 0.778 2021 Q4 T3 0.664 2021 Energy Engineering and Power Technology 2021 Q1 Renewable Energy, Sustainability and the Environment 2021 Q1 Management, Monitoring, Policy and Law 2021 Q1 Geography, Planning and Development 2021 Q1 5.0 2021 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion Gimenez, Gregorio Universidad de Zaragoza (orcid)0000-0003-3702-4017 Sanaú, Jaime Universidad de Zaragoza (orcid)0000-0003-4403-044X 4014 225 Universidad de Zaragoza Dpto. Economía Aplicada Área Economía Aplicada 13, 12 (2021), 6674 [18 pp.] Sustainability (Basel) Sustainability (Switzerland) 2071-1050 396827 http://zaguan.unizar.es/record/106224/files/texto_completo.pdf Versión publicada 2835627 http://zaguan.unizar.es/record/106224/files/texto_completo.jpg?subformat=icon icon Versión publicada oai:zaguan.unizar.es:106224 articulos driver 2023-05-18-15:10:22 ARTICLE