Economic and commercial convergence in Latin America. How are these countries doing so far?

Alberto José Hurtado Briceño, Sadcidi Zerpa de Hurtado and José Mora ()

Structural Change and Economic Dynamics, 2021, vol. 57, issue C, 239-250

Abstract: This paper aims to analyze economic and commercial convergence in the three active integration agreements in the region: Central American Integration System, Southern Common Market, and Pacific Alliance. To this end, we estimated the Economic Convergence Index and correlations among the main macroeconomic aggregates. The empirical evidence reveals that, apart from Venezuela, Latin American countries have a high potential to form a common market. This potential derives more from the dynamics of their economies than from the political blocs or agreements that States want to pursue.

Keywords: Economic convergence; Commercial convergence; Regional integration; Sica; Mercosur; Pacific alliance (search for similar items in EconPapers)
JEL-codes: F15 F33 F42 F44 F53 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:streco:v:57:y:2021:i:c:p:239-250

DOI: 10.1016/j.strueco.2021.03.012

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