IDEAS home Printed from https://ideas.repec.org/a/qua/journl/v9y2012i2p99-122.html
   My bibliography  Save this article

La hipotesis de convergencia en America Latina: Un analisis de cointegracion en panel

Author

Listed:
  • Domingo Rodriguez Benavides

    (Universidad Autonoma Metropolitana)

  • Ignacio Perrotini Hernandez

    (Universidad Nacional Autonoma de Mexico)

  • Francisco Venegas-Martinez

    (Instituto Politecnico Nacional)

Abstract

Este trabajo examina la hipotesis de la convergencia hacia la economia de Estados Unidos para una muestra de 17 paises de America Latina, empleando pruebas de raices unitarias y de cointegracion en panel para el periodo 1970-2010. Las pruebas de raices unitarias en panel aplicadas a la version restricta de la prueba no son concluyentes en principio con respecto a la hipotesis de la convergencia para esta muestra de paises, sin embargo, se muestra que, excluyendo los resultados de las pruebas de Levin y Lin (1992 y 1993), se fortalece la evidencia en contra de la hipotesis de la convergencia absoluta. Aunque la mayoria de las pruebas de cointegracion en panel sugieren que los ingresos per capita de las distintas economias consideradas mantienen una relacion de equilibrio estable y de largo plazo con el ingreso per capita de Estados Unidos, la economia lider. Las estimaciones efectuadas con los metodos de Mark y Sul (2003) y de Kao y Chiang (2000) de la version irrestricta en panel del modelo indican que el parametro estimado se encuentra por debajo de la unidad. De acuerdo con los resultados encontrados, no hay evidencia que soporte la hipotesis de la convergencia absoluta para la muestra de estudio de paises de America Latina, validando de esta manera la idea de la convergencia condicional.

Suggested Citation

  • Domingo Rodriguez Benavides & Ignacio Perrotini Hernandez & Francisco Venegas-Martinez, 2012. "La hipotesis de convergencia en America Latina: Un analisis de cointegracion en panel," EconoQuantum, Revista de Economia y Finanzas, Universidad de Guadalajara, Centro Universitario de Ciencias Economico Administrativas, Departamento de Metodos Cuantitativos y Maestria en Economia., vol. 9(2), pages 99-122, Julio-Dic.
    • Handle: RePEc:qua:journl:v:9:y:2012:i:2:p:99-122
    as

    Download full text from publisher

    File URL: http://econoquantum.cucea.udg.mx/index.php/EQ/article/view/151
    Download Restriction: no
    File URL: http://econoquantum.cucea.udg.mx/index.php/EQ/issue/view/22
    Download Restriction: no
    ---><---

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Torres-Brito, David Israel & Cruz-Aké, Salvador & Venegas-Martínez, Francisco, 2023. "Impacto de los contaminantes por gases de efecto invernadero en el crecimiento económico en 86 países (1990-2019): Sobre la curva inversa de Kuznets [Impact of the Effect of Greenhouse Gas Pollutan," MPRA Paper 119031, University Library of Munich, Germany.
    2. Ivan Trofimov, 2021. "Income terms of trade and economic convergence: Evidence from Latin America," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 46(2), pages 41-67, June.
    3. Trofimov, Ivan D., 2018. "Income terms of trade and economic convergence: Evidence from Latin America," MPRA Paper 87598, University Library of Munich, Germany.
    4. Hurtado Briceño, Alberto José & Zerpa de Hurtado, Sadcidi & Mora, José U. Mora, 2021. "Economic and commercial convergence in Latin America. How are these countries doing so far?," Structural Change and Economic Dynamics, Elsevier, vol. 57(C), pages 239-250.
    5. González-Martínez, Jesús Jonatan & Venegas-Martínez, Francisco & Martínez-Palacios, María Teresa Verónica, 2024. "Relaciones entre mercados de petróleo y gas, mercados financieros y PIB en América del Norte [Relationships among oil and gas markets, financial markets and GDP in North America]," MPRA Paper 120129, University Library of Munich, Germany.

    More about this item

    Keywords

    modelos econometricos; crecimiento economico; economias latinoamericanas;
    All these keywords.

    JEL classification:

    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • F44 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - International Business Cycles
    • C54 - Mathematical and Quantitative Methods - - Econometric Modeling - - - Quantitative Policy Modeling

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:qua:journl:v:9:y:2012:i:2:p:99-122. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sandra Ivett Portugal Padilla (email available below). General contact details of provider: https://edirc.repec.org/data/dmudgmx.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.