05606oam 22013334 450 991097514680332120250426110848.0978661382864497814623498071462349803978145270171414527017179781283516198128351619597814519953291451995326(CKB)3360000000443791(EBL)3014309(SSID)ssj0000943044(PQKBManifestationID)11492233(PQKBTitleCode)TC0000943044(PQKBWorkID)10975247(PQKB)10734472(OCoLC)698585478(IMF)WPIEE2006125(MiAaPQ)EBC3014309(IMF)WPIEA2006125WPIEA2006125(EXLCZ)99336000000044379120020129d2006 uf 0engur|n|---|||||txtccrRegional Convergence in Latin America /Bennett Sutton, Genevieve Lindow, Maria Isabel Serra, Gustavo Ramirez, Maria Fernanda Pazmino1st ed.Washington, D.C. :International Monetary Fund,2006.1 online resource (29 p.)IMF Working PapersAt head of title: Western Hemisphere Department."May 2006."9781451863857 1451863853 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 AmericaAgribusinessimfAgricultural economicsimfAgricultural industriesimfAgricultural sectorimfAgriculture: GeneralimfCommercial policyimfExpenditures, PublicimfExports and ImportsimfExtractive industriesimfIndustries: ManufacturingimfIndustry Studies: Manufacturing: GeneralimfIndustry Studies: Primary Products and Construction: GeneralimfInternational economicsimfInternational Trade OrganizationsimfManufacturing industriesimfManufacturingimfMineral industriesimfMining sectorimfNational Government Expenditures and Related Policies: GeneralimfNatural Resource ExtractionimfPublic expenditure reviewimfPublic finance & taxationimfPublic FinanceimfTrade liberalizationimfTrade PolicyimfLatin AmericaEconomic conditionsRegional disparitiesLatin AmericaEconomic conditionsBrazilimfEconomic developmentAgribusinessAgricultural economicsAgricultural industriesAgricultural sectorAgriculture: GeneralCommercial policyExpenditures, PublicExports and ImportsExtractive industriesIndustries: ManufacturingIndustry Studies: Manufacturing: GeneralIndustry Studies: Primary Products and Construction: GeneralInternational economicsInternational Trade OrganizationsManufacturing industriesManufacturingMineral industriesMining sectorNational Government Expenditures and Related Policies: GeneralNatural Resource ExtractionPublic expenditure reviewPublic finance & taxationPublic FinanceTrade liberalizationTrade PolicySutton Bennett1108577Lindow Genevieve1816625Pazmino Maria Fernanda1816626Ramirez Gustavo1816156Serra Maria Isabel1816627International Monetary Fund.Western Hemisphere Dept.DcWaIMFBOOK9910975146803321Regional Convergence in Latin America4372875UNINA