Regional Economic Development and Convergence Clubs in Uruguay

Available from: 
February 2020
Paper author(s): 
Diego Aboal
Bibiana Lanzilotta
Martin Pereyra
Maria Paz Queraltó
Macroeconomics - Economic growth - Monetary Policy

This work contributes to the regional development literature by constructing a multidimensional indicator of regional development and carrying out a convergence analysis applying the novel methodology of Philips and Sul (2007). The convergence analysis contrast processes of global and in clubs convergence of regions in Uruguay in the period 2007-2015. The findings rule out the hypothesis of global convergence for the period analyzed, but it identifies convergence in clubs, distinguishing 3 clubs with specific development dynamics. The paper adds to the debate of place based versus place neutral policies.


Research section: 
Working Papers