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Convergence clubs in Latin America

Author

Listed:
  • Candelaria Barrios
  • Esther Flores
  • M. Ángeles Martínez

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.

Suggested Citation

  • Candelaria Barrios & Esther Flores & M. Ángeles Martínez, 2019. "Convergence clubs in Latin America," Applied Economics Letters, Taylor & Francis Journals, vol. 26(1), pages 16-20, January.
    • Handle: RePEc:taf:apeclt:v:26:y:2019:i:1:p:16-20
    DOI: 10.1080/13504851.2018.1433288
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    Cited by:

    1. Evânio M. Paulo & Osmar T. Souza, 2023. "Foreign Trade and Income Convergence in Latin America," Economies, MDPI, vol. 11(9), pages 1-19, September.
    2. Uğur Ursavaş & Carlos Mendez, 2023. "Regional income convergence and conditioning factors in Turkey: revisiting the role of spatial dependence and neighbor effects," The Annals of Regional Science, Springer;Western Regional Science Association, vol. 71(2), pages 363-389, October.
    3. Belloc, Ignacio & Molina, José Alberto, 2023. "Are greenhouse gas emissions converging in Latin America? Implications for environmental policies," Economic Analysis and Policy, Elsevier, vol. 77(C), pages 337-356.
    4. Carlos Mendez & Felipe Santos-Marquez, 2022. "Economic and Social Disparities across Subnational Regions of South America: A Spatial Convergence Approach," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 64(4), pages 582-605, December.
    5. Pinar, Mehmet, 2024. "Convergence in renewable energy innovation and factors influencing convergence club formation," Renewable Energy, Elsevier, vol. 220(C).
    6. Sayel Basel & R. Prabhakara Rao & K. U. Gopakumar, 2021. "Analysis of club convergence for economies: identification and testing using development indices," Asia-Pacific Journal of Regional Science, Springer, vol. 5(3), pages 885-908, October.

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