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Economic Growth and Convergence in Latin America

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  • S. Dobson
  • C. Ramlogan

Abstract

Little is known about the convergence process among developing countries in general and in Latin America in particular. For the period as a whole there is no evidence of a narrowing in the cross-country dispersion of income (sigma convergence). But there is evidence of convergence to different steady state income levels at a speed that is common to all countries (conditional beta convergence). The article also shows that the estimates of convergence are sensitive to the way in which GDP per capita is measured.

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Bibliographic Info

Article provided by Taylor & Francis Journals in its journal Journal of Development Studies.

Volume (Year): 38 (2002)
Issue (Month): 6 ()
Pages: 83-104

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Handle: RePEc:taf:jdevst:v:38:y:2002:i:6:p:83-104

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Related research

Keywords: convergence process; Latin America; cross-country dispersion of income; sigma convergence; conditional beta convergence;

References

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  1. Robert J. Barro, 2012. "Inflation and Economic Growth," CEMA Working Papers 568, China Economics and Management Academy, Central University of Finance and Economics.
  2. Helmut Hofer & Andreas Worgotter, 1997. "Regional Per Capita Income Convergence in Austria," Regional Studies, Taylor & Francis Journals, vol. 31(1), pages 1-12.
  3. Sari Pekkala, 2000. "Aggregate economic fluctuations and regional convergence: the Finnish case 1988-95," Applied Economics, Taylor & Francis Journals, vol. 32(2), pages 211-219.
  4. de la Fuente, Angel, 2000. "Convergence Across Countries And Regions: Theory And Empirics," CEPR Discussion Papers 2465, C.E.P.R. Discussion Papers.
  5. Rayaprolu Nagaraj & Aristomène Varoudakis & Marie-Ange Véganzonès, 1998. "Long-Run Growth Trends and Convergence Across Indian States," OECD Development Centre Working Papers 131, OECD Publishing.
  6. Damien Neven & Claudine Gouymte, 1995. "Regional Convergence in the European Community," Journal of Common Market Studies, Wiley Blackwell, vol. 33(1), pages 47-65, 03.
  7. Afonso Ferreira, 2000. "Convergence in Brazil: recent trends and long-run prospects," Applied Economics, Taylor & Francis Journals, vol. 32(4), pages 479-489.
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Citations

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Cited by:
  1. García Callejas, Danny, 2011. "Per Capita GDP Convergence in South America, 1960-2007," BORRADORES DEPARTAMENTO DE ECONOMÍA 008983, UNIVERSIDAD DE ANTIOQUIA - CIE.
  2. Mark J. Holmes, 2005. "Is Long-Run Output Convergence Associated With International Cooperation? Some New Evidence For Selected African Countries," Journal of Economic Development, Chung-Ang Unviersity, Department of Economics, vol. 30(2), pages 67-85, December.
  3. Maria Abreu & Henri L.F. de Groot & Raymond J.G.M. Florax, 2005. "A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent," Tinbergen Institute Discussion Papers 05-001/3, Tinbergen Institute.
  4. Barrientos Quiroga, Paola Andrea, 2013. "Convergence Clubs determined by Economic History in Latin America," MPRA Paper 50191, University Library of Munich, Germany.
  5. Mark J.Holmes, 2006. "Regime-Dependent output convergence in Latin America," Estudios de Economia, University of Chile, Department of Economics, vol. 33(1 Year 20), pages 65-81, June.
  6. DOBSON, Steve & RAMLOGAN, Carlyn & STROBL, Eric, 2003. "Why do rates of convergence differ ? A meta-regression analysis," CORE Discussion Papers 2003020, Université catholique de Louvain, Center for Operations Research and Econometrics (CORE).
  7. Sukati, Mphumuzi, 2011. "The SADC Region and EPA/EBAI - Potential Winners and Losers," MPRA Paper 28051, University Library of Munich, Germany.
  8. Yorucu, Vedat & Katircioğlu, Salih Turan, 2014. "Radioactive convergence of nuclear leakage in Fukushima: Economic impact analysis of triple tragic events," Renewable and Sustainable Energy Reviews, Elsevier, vol. 35(C), pages 400-409.
  9. Torres Ledezma, S., 2003. "An empirical analysis of economic growth for Uruguay and the Latin American region : 1950-2000," ISS Working Papers - General Series 19131, International Institute of Social Studies of Erasmus University Rotterdam (ISS), The Hague.
  10. Maria Abreu & Henri L.F. de Groot & Raymond J.G.M. Florax, 2005. "A Meta-Analysis of Beta-Convergence: The Legendary Two-Percent," Tinbergen Institute Discussion Papers 05-001/3, Tinbergen Institute.
  11. Mark J. Holmes, 2005. "New evidence on long-run output convergence among Latin American countries," Journal of Applied Economics, Universidad del CEMA, vol. 0, pages 299-319, November.
  12. Maria Alice Móz Christofoletti & Humberto Francisco Silva Spolador, 2011. "Income convergence among Brazilian states after the economic openness in the 1990s," ERSA conference papers ersa10p172, European Regional Science Association.
  13. Gonzalez, German Hector & Dabus, Carlos Dario & Monterubbianesi, Pablo Daniel, 2009. "Technological Capabilities Asymmetries in Latin American and the Caribbean," MPRA Paper 19211, University Library of Munich, Germany.
  14. Nicole Madariaga & Sylvie Montout & Patrice Ollivaud, 2004. "Regional convergence, trade liberalization and agglomeration of activities : an analysis of NAFTA and MERCOSUR cases," Cahiers de la Maison des Sciences Economiques bla04069, Université Panthéon-Sorbonne (Paris 1).

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