Convergence clubs in Latin America

Barrios, Candelaria; Flores, Esther; Martínez, María Angeles Aláez

doi:10.1080/13504851.2018.1433288

Cited by 25 publications

(22 citation statements)

References 18 publications

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“…In particular, countries with better socio‐economic conditions, a favorable investment climate, and minimal internal conflicts are more likely to belong to higher‐income clubs. In a related paper, Barrios, Flores, and Martínez (2019) suggest that seventeen Latin American countries constitute four convergence clubs between 1990 and 2014. For the 1970–2014 period, Tam () analyzes income, consumption, and government expenditure convergence across sixteen Asian countries.…”

Section: Related Literaturementioning

confidence: 99%

Revisiting income convergence in Turkey: Are there convergence clubs?

2019

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This paper investigates club convergence in per capita income across 81 NUTS‐III regions in Turkey over the 1987–2017 period using the procedure suggested by Phillips and Sul. Based on a nonlinear factor model that allows for transitional heterogeneity, our econometric approach enables us to test the presence of convergence clusters and to examine their transitional behavior. We obtain strong evidence that there is no absolute or conditional convergence but convergence clubs across Turkish regions: five clubs in the first period covering 1987–2001 and six clubs in the second period covering 2004–2017. The geographical distribution of clubs suggests a clear separation between the eastern and the western regions of Turkey for both periods. While geography may be destiny, results from an ordered logit model reveal that initial income per capita, human capital, and total credits are the most important determinants of convergence clubs in Turkey.

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Section: Related Literaturementioning

confidence: 99%

Revisiting income convergence in Turkey: Are there convergence clubs?

2019

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“…Moreover (Hakro & Fida, 2009) discuss that poor governance can deteriorate the continued growth. As pointed out by (Barrios, Flores, & Martínez, 2019;Iqbal, 2006) various regional groups like European Union, NAFTA, ASEAN dealt with state-driven integration policies in alluring challenges of international dealings (Vujović, 2019;Zhao & Serieux, 2019). Similarly the concept has been currently studied in various groups / clubs in world economies (Barrios et al, 2019;Cabral & Castellanos-Sosa, 2019;Díaz Dapena, Rubiera-Morollon, & Paredes, 2019;Palma & Reis, 2019;Pipień & Roszkowska, 2019) showing the importance of economic integration.…”

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confidence: 99%

Income Convergence in Presence of Liberalization Measures, Governance and Technology Adoption

Zia

Mahmood

2019

NRJSS

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The study focuses on the examination of income-convergence or inequalities amid Asian economies in the presence of trade liberalization, foreign direct investment, governance, and technology adoption. The existence of clubs in the sample of 14 selected Asian countries for a large panel data set covering the 1999-2015 period facilitated us to examine the club-convergence. Unconditional and conditional income-convergence is explored by adopting Blundell and Bond's estimating technique. Findings reveal that income-convergence is taking place among Asian developed countries and ASEAN countries. However, there is income-divergence in SAARC countries and Asian least developed countries. Nevertheless, it is concluded that despite Asian countries having different economic structures and policy measures; they are on the track of conditional convergence in their respective clubs.

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“…como señalan Astorga (2010) y Astorga et al (2005), los determinantes del crecimiento latinoamericano entre 1900 y 2010 son diversos, pero destacan los patrones de industrialización, desarrollo urbano y provisión pública, que favorecieron la convergencia económica y social. Para Mayoral (2010) y Barrientos (2011) fueron la tasa de ahorro, el gasto público y otros factores externos. Rodríguez, Perrotini y Mendoza (2014), y Barbona y treibich (2010), que usan metodologías diferentes para estudiar la convergencia económica, también encuentran diversos factores.…”

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“…Encuentran evidencia de convergencia (restringida y no restringida) entre América Latina y Estados Unidos en 1990-2010, periodo en el que se inició la apertura comercial en la mayoría de los países latinoamericanos. Barrientos (2011), con el método de datos panel propuesto por Barro y Sala-i-Martin, divide la muestra (1900-2007) en acordes con los principales eventos de la historia latinoamericana y agrupa los países según sus características (clubes de convergencia). Los resultados del tercer periodo muestran convergencia absoluta y condicional para los tres clubes (países con buenas instituciones, con procesos dolorosos y países vulnerables).…”

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Política social y crecimiento económico en seis países Latinoamericanos, 1980-2010

Pulido¹,

Mora²

2018

ecoins

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Este escrito analiza la hipótesis de convergencia y el impacto de las políticas sociales en el crecimiento económico de los seis países más grandes de América Latina entre 1980 y 2010. Los resultados indican que las políticas sociales han influido en el crecimiento económico de esos países. De manera más precisa, existen variables no observables (efectos fijos) que afectaron positivamente el crecimiento de Venezuela y Chile, y factores no observables que afectaron negativamente a Brasil y México. Se encontró, además, que la velocidad de convergencia disminuye cuando aumenta el nivel de ingresos, lo que podría indicar que estos países pueden estar convergiendo a sus estados estacionarios.

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Convergence clubs in Latin America

Cited by 25 publications

References 18 publications

Revisiting income convergence in Turkey: Are there convergence clubs?

Revisiting income convergence in Turkey: Are there convergence clubs?

Income Convergence in Presence of Liberalization Measures, Governance and Technology Adoption

Política social y crecimiento económico en seis países Latinoamericanos, 1980-2010

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