05387oam 22012374 450 991078869810332120230828235740.01-4623-4980-31-4527-0171-71-283-51619-51-4519-9532-69786613828644(CKB)3360000000443791(EBL)3014309(SSID)ssj0000943044(PQKBManifestationID)11492233(PQKBTitleCode)TC0000943044(PQKBWorkID)10975247(PQKB)10734472(OCoLC)698585478(MiAaPQ)EBC3014309(IMF)WPIEE2006125(EXLCZ)99336000000044379120020129d2006 uf 0engur|n|---|||||txtccrRegional Convergence in Latin America /Bennett Sutton, Genevieve Lindow, Maria Isabel Serra, Gustavo Ramirez, Maria Fernanda PazminoWashington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working PapersAt head of title: Western Hemisphere Department."May 2006."1-4518-6385-3 Includes bibliographical references (p. 26-27).""Contents""; ""I. INTRODUCTION""; ""II. METHODOLOGY""; ""III. SUMMARY RESULTS FOR LATIN AMERICA""; ""IV. COUNTRY-BY-COUNTRY RESULTS""; ""V. CONCLUSIONS""; ""APPENDIX: DATA SOURCES AND DEFINITIONS""; ""REFERENCES""This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states within each country. It finds that poor and rich regions within each country converged at very low rates over the past three decades. It also finds evidence of regional "convergence clubs" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling for sector-specific shocks. Finally, results show that national disparities in per capita output increased temporarily after each country pursued trade liberalization.IMF Working Papers; Working Paper ;No. 2006/125Economic developmentLatin AmericaExports and ImportsimfPublic FinanceimfAgribusinessimfIndustries: ManufacturingimfNatural Resource ExtractionimfTrade PolicyimfInternational Trade OrganizationsimfAgriculture: GeneralimfIndustry Studies: Manufacturing: GeneralimfIndustry Studies: Primary Products and Construction: GeneralimfNational Government Expenditures and Related Policies: GeneralimfInternational economicsimfAgricultural economicsimfManufacturing industriesimfExtractive industriesimfPublic finance & taxationimfTrade liberalizationimfAgricultural sectorimfManufacturingimfMining sectorimfPublic expenditure reviewimfCommercial policyimfAgricultural industriesimfMineral industriesimfExpenditures, PublicimfLatin AmericaEconomic conditionsRegional disparitiesLatin AmericaEconomic conditionsBrazilimfEconomic developmentExports and ImportsPublic FinanceAgribusinessIndustries: ManufacturingNatural Resource ExtractionTrade PolicyInternational Trade OrganizationsAgriculture: GeneralIndustry Studies: Manufacturing: GeneralIndustry Studies: Primary Products and Construction: GeneralNational Government Expenditures and Related Policies: GeneralInternational economicsAgricultural economicsManufacturing industriesExtractive industriesPublic finance & taxationTrade liberalizationAgricultural sectorManufacturingMining sectorPublic expenditure reviewCommercial policyAgricultural industriesMineral industriesExpenditures, PublicSutton Bennett1108577Lindow Genevieve1558710Serra Maria Isabel1558711Ramirez Gustavo1558712Pazmino Maria Fernanda1558713International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910788698103321Regional Convergence in Latin America3823308UNINA