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Convergence clubs in Latin America

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  • DECOA. Economía Aplicada y Métodos Cuantitativos
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Author
Barrios González, María CandelariaULL authority; Flores, Esther; Martínez Navarro, M. Ángeles
Date
2019
URI
http://riull.ull.es/xmlui/handle/915/40947
Abstract
The aim of this work is to identify convergence clubs in 17 Latin American countries in terms of GDP per capita during the period 1990–2014. To do this, we apply the methodology developed by Phillips-Sul in order to identify the different convergence clubs on the path of growth in the Latin American economy over this period. The empirical results strongly support the existence of convergence clubs, indicating that the Latin American economy consists of four groups, each converging towards its own steady-state path, with two countries being divergent. © 2018, © 2018 Informa UK Limited, trading as Taylor & Francis Group
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Universidad de La Laguna

Universidad de La Laguna

Pabellón de Gobierno, C/ Padre Herrera s/n. | 38200 | Apartado Postal: 456 | San Cristóbal de La Laguna, Santa Cruz de Tenerife - España | Teléfono: (+34) 922 31 90 00