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    Convergence hypothesis: The Latin American experience

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    Author
    Orozco Ruiz, Fernando
    Date
    1994
    Advisor
    Sickles, Robin
    Degree
    Doctor of Philosophy
    Abstract
    This dissertation demonstrates conclusively that there is strong convergence on per capita GDP (RGDP) levels among 13 Latin American countries. However, when an extended sample that includes 18 Latin American countries is considered, there is no convergence on RGDP levels. The sample that includes 18 countries is comprised of the biggest economies in Latin America. The reduced sample of 13 countries is determined by the exclusion of the 5 most politically unstable economies from the extended group. Estimating an econometric model of relative economic growth shows that the differences in growth rates among the 13 economies are explained by Total Factor Productivity (TFP) catch-up and by the growth rates of factor intensities. Moreover, the results support the fact that TFP catch-up has been a stable feature among these countries in the post-war period. Following these results, a decomposition of average (logarithmic) growth rates of RGDP of both samples is presented. Exploratory empirical evidence bearing on a set of macroeconomic hypotheses relating to economic growth across 13 Latin American nations is presented.
    Keyword
    Economics
    Citation
    Orozco Ruiz, Fernando. "Convergence hypothesis: The Latin American experience." (1994) Diss., Rice University. https://hdl.handle.net/1911/16762.
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    • Rice University Electronic Theses and Dissertations [13796]

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    Home | FAQ | Contact Us | Privacy Notice | Accessibility Statement
    Managed by the Digital Scholarship Services at Fondren Library, Rice University
    Physical Address: 6100 Main Street, Houston, Texas 77005
    Mailing Address: MS-44, P.O.BOX 1892, Houston, Texas 77251-1892
    Site Map