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Regional Convergence in Latin America / Bennett Sutton, Genevieve Lindow, Maria Isabel Serra, Gustavo Ramirez, Maria Fernanda Pazmino.
- Format:
- Book
- Government document
- Author/Creator:
- Sutton, Bennett.
- Series:
- IMF Working Papers; Working Paper ; No. 2006/125
- IMF Working Papers
- Language:
- English
- Subjects (All):
- Economic development--Latin America.
- Economic development.
- Latin America--Economic conditions--Regional disparities.
- Latin America.
- Latin America--Economic conditions.
- Physical Description:
- 1 online resource (29 p.)
- Edition:
- 1st ed.
- Place of Publication:
- Washington, D.C. : International Monetary Fund, 2006.
- Language Note:
- English
- 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 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.
- Contents:
- ""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. SUMMARY RESULTS FOR LATIN AMERICA""; ""IV. COUNTRY-BY-COUNTRY RESULTS""; ""V. CONCLUSIONS""; ""APPENDIX: DATA SOURCES AND DEFINITIONS""; ""REFERENCES""
- Notes:
- At head of title: Western Hemisphere Department.
- "May 2006."
- Includes bibliographical references (p. 26-27).
- Description based on print version record.
- ISBN:
- 9786613828644
- 9781462349807
- 1462349803
- 9781452701714
- 1452701717
- 9781283516198
- 1283516195
- 9781451995329
- 1451995326
- OCLC:
- 698585478
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