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Regional convergence in Latin America

Author: Maria Isabel Serra; International Monetary Fund. Western Hemisphere Department.
Publisher: [Washington, D.C.?] : International Monetary Fund, ©2006.
Series: IMF working paper, WP/06/125.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Database:WorldCat
Summary:
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  Read more...
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Genre/Form: Electronic books
Additional Physical Format: Print version:
Regional convergence in Latin America.
[Washington, D.C.?] : International Monetary Fund, ©2006
(OCoLC)77530304
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: Maria Isabel Serra; International Monetary Fund. Western Hemisphere Department.
ISBN: 1283516195 9781283516198 9781451995329 1451995326
OCLC Number: 698585478
Reproduction Notes: Electronic reproduction. [S.l.] : HathiTrust Digital Library, 2010. MiAaHDL
Description: 1 online resource (27 pages) : illustrations.
Details: Master and use copy. Digital master created according to Benchmark for Faithful Digital Reproductions of Monographs and Serials, Version 1. Digital Library Federation, December 2002.
Series Title: IMF working paper, WP/06/125.
Responsibility: [prepared by] Maria Isabel Serra [and others].

Abstract:

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.

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