Regional convergence in Latin America / [prepared by] Maria Isabel Serra [and others]
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states with...
Saved in:
| Online Access: |
Full Text (via ProQuest) |
|---|---|
| Main Author: | |
| Corporate Author: | |
| Format: | eBook |
| Language: | English |
| Published: |
[Washington, D.C.?] :
International Monetary Fund,
©2006.
|
| Series: | IMF working paper ;
WP/06/125. |
| Subjects: |
| Summary: | This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states within each country. It finds that poor and rich regions within each country converged at very low rates over the past three decades. It also finds evidence of regional "convergence clubs" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling for sector-specific shocks. Finally, results show that national disparities in per capita output increased temporarily after each country pursued trade liberalization. |
|---|---|
| Physical Description: | 1 online resource (27 pages) : illustrations. |
| Bibliography: | Includes bibliographical references (pages 26-27) |
| ISBN: | 1283516195 9781283516198 9781451995329 1451995326 1462349803 9781462349807 1452701717 9781452701714 9786613828644 6613828645 |
| ISSN: | 2227-8885 ; |