Testing for convergence among Mercosur countries
The aim of this paper is to analyse the existence of price convergence in Mercosur. Two variables are considered, Consumer Price Indices to assess convergence in the goods and services markets and real interest rates, to analyse convergence in the money markets. The univariate analysis points only to convergence in real interest rates, whilst the multivariate analysis provides evidence of common trends in both markets.
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"Convergence in International Output,"
93-7, Massachusetts Institute of Technology (MIT), Department of Economics.
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