GROWTH CONVERGENCE IN SOUTH AMERICA

This study analyzed the influence of structural change on GDP convergence in Argentina, Brazil and Uruguay (ABU) in the context of a Keynesian model with balance of payments constraints. Empirical evidence suggested that income and structural convergence were associated in the post-II World War period. The differences in industrial and economic policies in ABU may have contributed to explain the intensity of the process of structural change in these countries. ABU exhibited a different ability to reshape their institutions with a view to encouraging industrial transformation. The Brazilian industrial policy seems to have been more efficient in promoting structural convergence.


Issue Date:
2004
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/36277
Total Pages:
24
Series Statement:
Selected Paper of the 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii




 Record created 2017-04-01, last modified 2017-04-26

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