Crecimiento económico y convergencia en América Latina, 1950-2010

Produced by: 
CEMLA
Available from: 
Diciembre 2014
Paper author(s): 
Domingo Rodríguez Benavides
Ignacio Perrotini Hernández
Miguel Ángel Mendoza González
Topic: 
Macroeconomics - Economic growth - Monetary Policy
Year: 
2017

Latin America’s long-run economic growth is dealt with to prove conditional convergence in per capita gdp for two types of leading economies. Mixed empirical evidence in favor of economic convergence is found for the period 1950-1990, while conditional convergence toward both a region’s average and the us economy is shown to exist in the period 1990-2010. The possibility for units to exhibit cross-section dependency in heterogeneous panels is taken into account by the second generation tests here applied.

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