Economic convergence in Central America: Empirical Evidence, 1975-2005
Keywords:
Economic growth, inequality, convergence, divergenceAbstract
In this paper we present stylized facts of economic growth and interregional convergence for Central America exposed in the empirical literature growth. This makes a cross-sectional analysis for the reference period 1975-2005 and thus try to establish whether or not there is convergence between countries. Additionally, it includes an analysis with variable conditions to capture any differences between the stationary states of the various Central American economies during the period 1993- 2005.
The results indicate that the long-term (1975-2005) one accepts the hypothesis of convergence, but this process is reversed from the 1980's and the speed of convergence is reduced in the last period, 1995-2005. As for the determinants of economic growth, we found that educational variables, spending on gross fixed capital formation and population growth rate are statistically significant.
DOI: http://dx.doi.org/10.5377/rct.v0i10.1065
Revista Ciencia y Tecnología, No. 10, junio 2012 pp 100-116
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