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Economic Growth and Convergence in Latin America, 1950-2010

Author

Listed:
  • Domingo Rodríguez Benavides

    (Escuela Superior de Economía, Instituto Politécnico Nacional)

  • Ignacio Perrotini Hernández

    (División de Estudios de Posgrado de la Facultad de Economía, UNAM)

  • Miguel Ángel Mendoza González

    (División de Estudios de Posgrado de la Facultad de Economía, UNAM)

Abstract

Latin America’s long-run economic growth is dealt with to prove conditional convergence in per capita GDP for two types of leading economies. Mixed empirical evidence in favor of economic convergence is found for the period 1950-1990, while conditional convergence toward both a region’s average and the US economy is shown to exist in the period 1990-2010. The possibility for units to exhibit cross-section dependency in heterogeneous panels is taken into account by the second generation tests here applied

Suggested Citation

  • Domingo Rodríguez Benavides & Ignacio Perrotini Hernández & Miguel Ángel Mendoza González, 2014. "Economic Growth and Convergence in Latin America, 1950-2010," Monetaria, Centro de Estudios Monetarios Latinoamericanos, vol. 0(2), pages 253-284, July-Dece.
  • Handle: RePEc:cml:moneta:v:ii:y:2014:i:2:p:253-284
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    References listed on IDEAS

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    Cited by:

    1. Trofimov, Ivan D., 2018. "Income terms of trade and economic convergence: Evidence from Latin America," MPRA Paper 87598, University Library of Munich, Germany.

    More about this item

    Keywords

    econometric models; economic growth; Latin American economies; United States; per capita GDP.;

    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

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