Club convergence in Latin America

Barroso, Victor Martín; Vázquez, Guillermo

doi:10.1515/bejm-2014-0109

Cited by 10 publications

(6 citation statements)

References 10 publications

Supporting

Mentioning

Contrasting

Unclassified

Order By: Relevance

“…Of a total of 402 articles on EEs, the group of Latin American and Caribbean countries accounts for only 29 publications, losing ground to Sub-Saharan Africa, the Middle East and Central Asia, and Europe, which correspond to 30, 86, and 93 publications, respectively, between 1991 and 2020. Such evidence confirms that Latin American and the Caribbean countries have not received sufficient scientific attention in the growth literature, as stated by Martin and Vazquez (2015), Barrios et al (2019), and Hofman and Valderrama (2020).…”

Section: Mapping the Empirical Economic Growth Literature: Main Resultssupporting

confidence: 66%

“…Mostly due to rapid growth in China, the Asian economies observed an increased growth performance when compared to other EEs, including Latin America (Darku & Yeboah, 2018). However, the slower economic growth of the latter region does not seem to have received sufficient scientific attention, in which some authors contend that the growth literature regarding this group has been quite scarce (Barrios et al, 2019; Hofman & Valderrama, 2020; Martin & Vazquez, 2015).…”

Section: Introductionmentioning

confidence: 99%

See 1 more Smart Citation

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

Doré

Teixeira

2021

Global Journal of Emerging Market Economies

View full text Add to dashboard Cite

The factors required to achieve sustainable economic growth in a country are debated for decades, and empirical research in this regard continues to grow. Given the relevance of the topic and the absence of a comprehensive, systematic literature review, we used bibliometric techniques to examine and document several aspects in the empirical literature related to growth, from 1991 to 2020. Five main results are worth highlighting: (a) the share of empirical articles on economic growth show a clear upward trend; (b) among all the groups of countries considered, the emerging economies (EEs) have received the most scientific attention; (c) the economic growth processes of the Latin American and Caribbean EEs have observed negligible scientific attention; (d) the very long-run studies comprise a residual share among the empirical literature on growth; (e) the extant empirical studies on economic growth have addressed mainly the impact of “macroeconomic conditions.” Our findings suggest there is a need to redirect the empirical growth agenda, so as to encourage more scientific attention devoted to the analysis of key determinants of economic growth in the very long run. There should also be increased scrutiny of the processes of economic growth in Latin American and Caribbean EEs

show abstract

Section: Mapping the Empirical Economic Growth Literature: Main Resultssupporting

confidence: 66%

Section: Introductionmentioning

confidence: 99%

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

Doré

Teixeira

2021

Global Journal of Emerging Market Economies

View full text Add to dashboard Cite

show abstract

“…They further suggest that investment, human capital, and openness increase the probability of regions to be in the high‐income club. Martin and Vazquez () study income per capita convergence clubs across 18 Latin American countries and for 59 years (1950–2008). Having identified three convergence clubs of which two display relative convergence, the authors investigate various determinants of club formation.…”

Section: Related Literaturementioning

confidence: 99%

Revisiting income convergence in Turkey: Are there convergence clubs?

2019

View full text Add to dashboard Cite

This paper investigates club convergence in per capita income across 81 NUTS‐III regions in Turkey over the 1987–2017 period using the procedure suggested by Phillips and Sul. Based on a nonlinear factor model that allows for transitional heterogeneity, our econometric approach enables us to test the presence of convergence clusters and to examine their transitional behavior. We obtain strong evidence that there is no absolute or conditional convergence but convergence clubs across Turkish regions: five clubs in the first period covering 1987–2001 and six clubs in the second period covering 2004–2017. The geographical distribution of clubs suggests a clear separation between the eastern and the western regions of Turkey for both periods. While geography may be destiny, results from an ordered logit model reveal that initial income per capita, human capital, and total credits are the most important determinants of convergence clubs in Turkey.

show abstract

“…On the contrary, Cáceres (1999) and Nuñez and Sandoval (2002), by means of unit root test find regional divergence for 17 countries. More recently, King and Ramlogan-Dobson (2016) find evidence on the existence of two clubs, and Martin and Vazquez (2015) states that there are three clubs of convergence in Latin America.…”

Section: Review Of Convergence Literaturementioning

confidence: 99%

Hay convergencia en países emergentes? Evidencia de América Latina

Delbianco¹,

Dabús²

2019

REyF

View full text Add to dashboard Cite

Este trabajo examina la convergencia en América Latina durante el período 1960-2008, por medio de técnicas de cointegración a través de pruebas de raíces unitarias con cambios estructurales. El estudio se centra en la convergencia tanto de la región en relación con los EE.UU como a nivel intrarregional, es decir, entre los distintos países con respecto a la Argentina, el país con mayor ingreso per cápita a nivel regional en este período. A pesar del alto crecimiento económico de América Latina en la última década, en general, la evidencia indica que esto no fue suficiente para provocar la convergencia, ni hacia EE.UU, ni a nivel intrarregional. En lugar de ello, los resultados podrían sugerir que la brecha entre los países permanece en el largo plazo, o incluso la existencia de divergencia.

show abstract

Club convergence in Latin America

Cited by 10 publications

References 10 publications

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

Empirical Literature on Economic Growth, 1991–2020: Uncovering Extant Gaps and Avenues for Future Research

Revisiting income convergence in Turkey: Are there convergence clubs?

Hay convergencia en países emergentes? Evidencia de América Latina

Contact Info

Product

Resources

About