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Productivity Convergence and Divergence in Latin America, 1970-2014

Author

Listed:
  • Christos Kollias

    (University of Thessaly)

  • Panayiotis Tzeremes

    ("Department of Accounting and Finance, University of Thessaly")

  • Nickolaos G. Tzeremes

    (University of Thessaly)

Abstract

"The paper examines Latin American countries’ productivity growth levels and their convergence patterns utilizing nonparametric frontier approaches. Utilizing a sample of 17 Latin American countries for the period 1970-2014 it estimates various productivity indexes alongside with their main components. Moreover a convergence analysis is conducted estimating relative productivity convergence paths. The results suggest that over the period examined, countries’ productivity growth levels have contracted. We provide evidence that the implementation of the structural reforms of the 1990s do not appear to have driven Latin American countries to higher productivity levels. Moreover, the results do not render support to the productivity convergence hypothesis. On the other hand, some support was found for countries’ technological change levels, identifying three convergence clubs."

Suggested Citation

  • Christos Kollias & Panayiotis Tzeremes & Nickolaos G. Tzeremes, 2021. "Productivity Convergence and Divergence in Latin America, 1970-2014," Review of Economic Analysis, Digital Initiatives at the University of Waterloo Library, vol. 13(3), pages 315-337, October.
    • Handle: RePEc:ren:journl:v:13:y:2021:i:3:p:315-337
    DOI: https://doi.org/10.15353/rea.v13i3.1748
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    More about this item

    Keywords

    Productivity convergence; Latin American countries; Nonparametric analysis;
    All these keywords.

    JEL classification:

    • O40 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • O54 - Economic Development, Innovation, Technological Change, and Growth - - Economywide Country Studies - - - Latin America; Caribbean

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