Convergence hypothesis: The Latin American experience

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dc.contributor.advisorSickles, Robin
dc.creatorOrozco Ruiz, Fernando
dc.date.accessioned2009-06-03T23:56:00Z
dc.date.available2009-06-03T23:56:00Z
dc.date.issued1994
dc.description.abstractThis 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.
dc.format.extent143 p.en_US
dc.format.mimetypeapplication/pdf
dc.identifier.callnoTHESIS ECON. 1994 OROZCO
dc.identifier.citationOrozco Ruiz, Fernando. "Convergence hypothesis: The Latin American experience." (1994) Diss., Rice University. <a href="https://hdl.handle.net/1911/16762">https://hdl.handle.net/1911/16762</a>.
dc.identifier.urihttps://hdl.handle.net/1911/16762
dc.language.isoeng
dc.rightsCopyright is held by the author, unless otherwise indicated. Permission to reuse, publish, or reproduce the work beyond the bounds of fair use or other exemptions to copyright law must be obtained from the copyright holder.
dc.subjectEconomics
dc.titleConvergence hypothesis: The Latin American experience
dc.typeThesis
dc.type.materialText
thesis.degree.departmentEconomics
thesis.degree.disciplineSocial Sciences
thesis.degree.grantorRice University
thesis.degree.levelDoctoral
thesis.degree.nameDoctor of Philosophy
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