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Is Latin America Catching Up? A Time‐Series Approach

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  • Alan King
  • Carlyn Ramlogan

Abstract

Most Latin American economies ended the twentieth century further behind the United States (in terms of productivity) than they had been in 1950. We investigate whether this reflects the effect of occasional economic setbacks or a systematic tendency to fall behind the United States. This is done using a time‐series approach that allows for up to two structural breaks in a series. We find evidence that relative productivity is a (broken) trend‐stationary process for most of the 18 countries considered but that only one, Chile, shows evidence of catching up with the United States at the century’s close.

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  • Alan King & Carlyn Ramlogan, 2008. "Is Latin America Catching Up? A Time‐Series Approach," Review of Development Economics, Wiley Blackwell, vol. 12(2), pages 397-415, May.
    • Handle: RePEc:bla:rdevec:v:12:y:2008:i:2:p:397-415
    DOI: 10.1111/j.1467-9361.2007.00386.x
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    1. Romain Wacziarg & Karen Horn Welch, 2008. "Trade Liberalization and Growth: New Evidence," The World Bank Economic Review, World Bank, vol. 22(2), pages 187-231, June.
    2. Lora, Eduardo, 2001. "Structural Reforms in Latin America: What Has Been Reformed and How to Measure It," IDB Publications (Working Papers) 3338, Inter-American Development Bank.
    3. Ms. Agnes A Belaisch & Mr. Charles Collyns & Ms. Paula De Masi & Mr. Guy M Meredith & Mr. Anoop Singh & Ms. Reva Krieger & Mr. Robert Rennhack, 2005. "Stabilization and Reform in Latin America: A Macroeconomic Perspective of the Experience Since the 1990s," IMF Occasional Papers 2005/002, International Monetary Fund.
    4. Hofman, André A., 2000. "The economic development of Latin America in the twentieth century," Copublicaciones, Naciones Unidas Comisión Económica para América Latina y el Caribe (CEPAL), number 1650 edited by Eclac, November.
    5. Eduardo Lora, 2001. "Structural Reforms in Latin America: What Has Been Reformed and How to Measure It," Research Department Publications 4293, Inter-American Development Bank, Research Department.
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    Cited by:

    1. King, Alan & Ramlogan-Dobson, Carlyn, 2015. "International income convergence: Is Latin America actually different?," Economic Modelling, Elsevier, vol. 49(C), pages 212-222.
    2. Alan King & Carlyn Ramlogan-Dobson, 2016. "Is there club convergence in Latin America?," Empirical Economics, Springer, vol. 51(3), pages 1011-1031, November.
    3. Murat Ungor, 2017. "Productivity Growth and Labor Reallocation: Latin America versus East Asia," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 24, pages 25-42, March.
    4. José Noguera-Santaella, 2017. "Is Sub-Saharan Africa catching up?," Empirical Economics, Springer, vol. 52(2), pages 555-575, March.
    5. Cooray, Arusha & Paradiso, Antonio & Truglia, Francesco Giovanni, 2013. "Do countries belonging to the same region suggest the same growth enhancing variables? Evidence from selected South Asian countries," Economic Modelling, Elsevier, vol. 33(C), pages 772-779.
    6. King, Alan & Ramlogan-Dobson, Carlyn, 2015. "Is Africa Actually Developing?," World Development, Elsevier, vol. 66(C), pages 598-613.

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