Long run dynamics of regional growth in Chile
AbstractThe aim of this article is to examine the process of economic growth in the regions of Chile using a time series approach.In particular,we test the hypothesis of a unit root in the log of the ratios of per capita product between every possible pair taken from the 13 regions.The ‘acceptance’ of the null hypothesis means that the ratio of the per capita product doesn’t tend to revert to a deterministic constant value and therefore,one of the definitions of convergence in Bernard and Durlauf (1996) is violated.We have found that there are two groups of regions that show within-group convergence but the two groups don’t converge.Also,there are two regions that don ’t converge with any other region of the country.
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Bibliographic InfoArticle provided by University of Chile, Department of Economics in its journal Estudios de Economia.
Volume (Year): 28 (2001)
Issue (Month): 1 Year 2001 (June)
Convergence; Cointegration; Unit root tests; Level Shifts; Chilean Economy.;
Find related papers by JEL classification:
- O40 - Economic Development, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
- C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models &bull Diffusion Processes
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