Detalle Publicación

Real convergence: empirical evidence for Latin America

Autores: Ayala, A. (Autor de correspondencia); Cuñado Eizaguirre, Juncal; Gil Alaña, Luis Alberiko
Título de la revista: APPLIED ECONOMICS
ISSN: 0003-6846
Volumen: 45
Número: 22
Páginas: 3220 - 3229
Fecha de publicación: 2013
This article investigates the real convergence of 17 Latin American countries to the US economy for the period 1950 to 2011. Time series methods are used to test stochastic and beta-convergence. These methods include the possibility of one or two structural changes. The results show that when endogenous structural changes are considered several Latin American countries exhibit stochastic convergence. Nevertheless, real convergence to the US is found only for three Latin American countries: Chile, Costa Rica and Trinidad and Tobago, with these countries also presenting evidence of stochastic and beta-convergence