|
AgEcon Search >
Journal of Applied Economics >
Volume 08, Number 2, November 2005 >
Please use this identifier to cite or link to this item:
http://purl.umn.edu/37134
|
| Title: | New Evidence on Long-Run Output Convergence Among Latin American Countries |
| Authors: | Holmes, Mark J. |
| Keywords: | output convergence
Latin America
common trends |
| JEL Codes: | F15
O19
O40
O54 |
| Issue Date: | 2005-11 |
| Abstract: | This study assesses long-run real per capita output convergence among selected Latin American countries. The empirical investigation, however, is based on an alternative approach. Strong convergence is determined on the basis of the first largest principal component, based on income differences with respect to a chosen base country, being stationary. The qualitative outcome of the test is invariant to the choice of base country and, compared to alternative multivariate tests for long-run convergence, this methodology places less demands on limited data sets. Using annual data for the period 1960-2000, strong convergence is confirmed for the Central American Common Market. However, an amended version of the test confirms weaker long-run convergence in the case of the Latin American Integration Association countries. |
| URI: | http://purl.umn.edu/37134 |
| Identifiers: | Print ISSN 1514-0326
Online ISSN 1667-6726 |
| Institution/Association: | Journal of Applied Economics>Volume 8, Number 2, November 2005 |
| Total Pages: | 21 |
| From Page: | 279 |
| To Page: | 297 |
| Collections: | Volume 08, Number 2, November 2005
|
Files in This Item:
| File |
Description |
Size | Format |
|---|
| holmes.pdf | | 78Kb | PDF | View/Open |
|
Recommend this item
All items in AgEcon Search are protected by copyright.
|
