Regional Convergence in Latin America
This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states within each country. It finds that poor and rich regions within each country converged at very low rates over the past three decades. It also finds evidence of regional "convergence clubs" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling for sector-specific shocks. Finally, results show that national disparities in per capita output increased temporarily after each country pursued trade liberalization.
|Date of creation:||01 May 2006|
|Date of revision:|
|Contact details of provider:|| Postal: |
Phone: (202) 623-7000
Fax: (202) 623-4661
Web page: http://www.imf.org/external/pubind.htmEmail:
More information through EDIRC
|Order Information:||Web: http://www.imf.org/external/pubs/pubs/ord_info.htm|
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Jahangir Aziz & Christoph Duenwald, 2001. "China's Provincial Growth Dynamics," Development and Comp Systems 0012004, EconWPA.
- Juan David Barón & Gerson Javier Pérez & Peter Rowland, .
"A Regional Economic Policy for Colombia,"
Borradores de Economia
314, Banco de la Republica de Colombia.
- Paul Cashin & Ratna Sahay, 1996.
"Internal Migration, Center-State Grants, and Economic Growth in the States of India,"
IMF Staff Papers,
Palgrave Macmillan, vol. 43(1), pages 123-171, March.
- Paul Cashin & Ratna Sahay, 1995. "Internal Migration, Center-State Grants and Economic Growth in the States of India," IMF Working Papers 95/66, International Monetary Fund.
- Daniel da Mata & Uwe Deichmann & J. Vernon Henderson & Somik V. Lall & Hyoung G. Wang, 2005.
"Examining the Growth Patterns of Brazilian Cities,"
1113, Instituto de Pesquisa Econômica Aplicada - IPEA.
- Sala-i-martin, X., 1995.
"The Classical Approach to Convergence Analysis,"
734, Yale - Economic Growth Center.
- Sala-i-Martin, Xavier, 1995. "The Classical Approach to Convergence Analysis," CEPR Discussion Papers 1254, C.E.P.R. Discussion Papers.
- Xavier Sala-i-Martin, 1995. "The classical approach to convergence analysis," Economics Working Papers 117, Department of Economics and Business, Universitat Pompeu Fabra.
- Ricardo AdroguÃ© & Martin Cerisola & Gaston Gelos, 2006.
"Brazil's Long-Term Growth Performance; Trying to Explain the Puzzle,"
IMF Working Papers
06/282, International Monetary Fund.
- Ricardo Adrogué & Martin Cerisola & Gaston Gelos, 2010. "Brazil's long-term growth performance: trying to explain the puzzle," Journal of Economic Studies, Emerald Group Publishing, vol. 37(4), pages 356-376, September.
- Raul Livas Elizondo & Paul Krugman, 1992.
"Trade Policy and the Third World Metropolis,"
NBER Working Papers
4238, National Bureau of Economic Research, Inc.
- Jahangir Aziz & Christoph Duenwald, 2001. "China's Provincial Growth Dynamics," IMF Working Papers 01/3, International Monetary Fund.
- Raimundo Soto & Arístides Torche, 2004.
"Spatial Inequality, Migration and Economic Growth in Chile,"
Latin American Journal of Economics-formerly Cuadernos de Economía,
Instituto de Economía. Pontificia Universidad Católica de Chile., vol. 41(124), pages 401-424.
- Raimundo Soto & Arístides Torche, 2004. "Spatial Inequality, Migration, and Economic Growth in Chile," Documentos de Trabajo 274, Instituto de Economia. Pontificia Universidad Católica de Chile..
- Roberto Duncan & J. Rodrigo Fuentes, 2005. "Convergencia Regional en Chile: Nuevos Tests, Viejos Resultados," Working Papers Central Bank of Chile 313, Central Bank of Chile.
- Chiquiar, Daniel, 2005. "Why Mexico's regional income convergence broke down," Journal of Development Economics, Elsevier, vol. 77(1), pages 257-275, June.
- Ellery Junior, Roberto G. & Ferreira, Pedro Cavalcanti, 1995. "Convergencia entre renda per capita dos estados brasileiros," Economics Working Papers (Ensaios Economicos da EPGE) 255, FGV/EPGE Escola Brasileira de Economia e Finanças, Getulio Vargas Foundation (Brazil).
When requesting a correction, please mention this item's handle: RePEc:imf:imfwpa:06/125. See general information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Jim Beardow)or (Hassan Zaidi)
If references are entirely missing, you can add them using this form.