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Economic and social convergence in Colombia

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  • Vicente Royuela

    ()
    (Faculty of Economics, University of Barcelona)

  • Gustavo Adolfo García

    (Universtat Autónoma de Barcelona. Departament of Applied Economy)

Abstract

GDP has usually been used as a proxy for human well-being. Nevertheless, other social aspects should also be considered, such as life expectancy, infant mortality, educational enrolment and crime issues. With this paper we investigate not only economic convergence but also social convergence between regions in a developing country, Colombia, in the period 1975-2005. We consider several techniques in our analysis: sigma convergence, stochastic kernel estimations, and also several empirical models to find out the beta convergence parameter (cross section and panel estimates, with and without spatial dependence). The main results confirm that we can talk about convergence in Colombia in key social variables, although not in the classic economic variable, GDP per capita. We have also found that spatial autocorrelation reinforces convergence processes through deepening market and social factors, while isolation condemns regions to nonconvergence.

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File URL: http://www.ub.edu/irea/working_papers/2010/201014.pdf
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Bibliographic Info

Paper provided by University of Barcelona, Research Institute of Applied Economics in its series IREA Working Papers with number 201014.

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Length: 70 pages
Date of creation: Sep 2010
Date of revision: Sep 2010
Handle: RePEc:ira:wpaper:201014

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Postal: Tinent Coronel Valenzuela, Num 1-11 08034 Barcelona
Web page: http://www.ub.edu/irea/
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Keywords: Price asymmetry; meta-regression analysis; gasoline prices. JEL classification:L11; Q4; C25.;

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References

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  1. Adolfo Meisel Roca, 2008. "¿Por qué se necesita una política económica regional en Colombia?," DOCUMENTOS DE TRABAJO SOBRE ECONOMÍA REGIONAL 004396, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL.
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  7. Jaime Bonet & Adolfo Meisel Roca, 2006. "Polarización del ingreso per cápita departamental en Colombia, 1975 - 2000," DOCUMENTOS DE TRABAJO SOBRE ECONOMÍA REGIONAL 003331, BANCO DE LA REPÚBLICA - ECONOMÍA REGIONAL.
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