EconPapers    
Economics at your fingertips  
 

Economic policy Co-Movement in Latin America and the Caribbean

Mahalia Jackman and Winston Moore ()

Journal of Policy Modeling, 2008, vol. 30, issue 6, 1107-1114

Abstract: There have been numerous attempts at the formation of regional policy groupings within Latin America and the Caribbean (LAC). This paper analyses the similarities in macroeconomic policies pursued by member countries using realised correlation analysis on 26 LAC countries and observations covering the period 1970-2005. The study finds evidence of co-movement in monetary, fiscal, trade and capital account policies, with the strength of association rising over time. The main determinants of the strength of co-movement were similarity in economic size, economic shocks, transportation costs and population size.

Keywords: Policy; co-movement; Realised; correlation; ratios; Latin; America; and; the; Caribbean (search for similar items in EconPapers)
Date: 2008
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://www.sciencedirect.com/science/article/pii/S0161-8938(08)00023-9
Full text for ScienceDirect subscribers only

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eee:jpolmo:v:30:y:2008:i:6:p:1107-1114

Access Statistics for this article

Journal of Policy Modeling is currently edited by A. M. Costa

More articles in Journal of Policy Modeling from Elsevier
Bibliographic data for series maintained by Haili He ().

 
Page updated 2020-12-02
Handle: RePEc:eee:jpolmo:v:30:y:2008:i:6:p:1107-1114