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Is there Convergence in Emerging Countries? Evidence from Latin America

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  • Delbianco, Fernando

    (Doctor of Economics and Master in Econometrics, Universidad Nacional del Sur and INMABB-CONICET, San Andrés 800. Bahía Blanca, D 8000 CTX, Argentina)

  • Dabús, Carlos

    (Doctor of Economics, IIESS-CONICET and Universidad Nacional del Sur. San Andrés 800. Bahía Blanca, D 8000 CTX, Argentina)

Abstract

This paper examines if there is convergence in Latin America during the 1960-2008 period, by means of the cointegration technique and unit root tests with structural breaks. The study is focused on the possible existence of convergence in the region in relation with U.S. and at intraregional level, i.e. among the different Latin American countries with respect to Argentina, the highest per capita income country of the region in this period. Despite the high economic growth of Latin America in the last decade, in general the evidence found here indicates that this was not enough to provoke convergence, neither toward U.S., nor at intra-regional level. Instead, the results could suggest that the gap among the countries remain in the long run, or even the existence of divergence.Correo electrónico: fernando.delbianco@uns.edu.ar; cdabus@criba.edu.arhttps://doi.org/10.32826/cude.v43i121.870210-0266/© 2020 Asociación Cuadernos de Economía. Todos los derechos reservados

Suggested Citation

  • Delbianco, Fernando & Dabús, Carlos, 2020. "Is there Convergence in Emerging Countries? Evidence from Latin America," Cuadernos de Economía - Spanish Journal of Economics and Finance, Asociación Cuadernos de Economía, vol. 43(121), pages 79-90, Enero.
    • Handle: RePEc:cud:journl:v:43:y:2020:i:121:p:79-90
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    Keywords

    Economic convergence; Unit root; Cointegration; Latin America;
    All these keywords.

    JEL classification:

    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models
    • O41 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - One, Two, and Multisector Growth Models
    • O42 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Monetary Growth Models

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