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Growth Convergence In South America

Author

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  • Bittencourt, Maurício Vaz Lobo

Abstract

This study analyzed the influence of structural change on GDP convergence in Argentina, Brazil and Uruguay (ABU) in the context of a Keynesian model with balance of payments constraints. Empirical evidence suggested that income and structural convergence were associated in the post-II World War period. The differences in industrial and economic policies in ABU may have contributed to explain the intensity of the process of structural change in these countries. ABU exhibited a different ability to reshape their institutions with a view to encouraging industrial transformation. The Brazilian industrial policy seems to have been more efficient in promoting structural convergence.

Suggested Citation

  • Bittencourt, Maurício Vaz Lobo, 2004. "Growth Convergence In South America," 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii 36277, Western Agricultural Economics Association.
    • Handle: RePEc:ags:waeaho:36277
    DOI: 10.22004/ag.econ.36277
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