Economic globalization and regional income convergence: Evidence from Latin America and the Caribbean

Jun Zhao and John Serieux

World Development Perspectives, 2020, vol. 17, issue C

Abstract: •Addressing the effect of economic interaction on regional output convergence as a separate phenomenon different from any political and institutional arrangements.•Testing overall convergence and determining convergence clubs in the region of Latin America and the Caribbean by using Sigma and Log t convergence tests.•Investigating the specific effects of globalizing flows of trade, capital and technology for both the short run and the long run by using the augmented ARDL model. Trying the first attempt to investigate the convergent effects of globalizing flows at both inter- and intra-regional levels. Trying the first attempt to differentiate the convergent effects of imports from those of exports.

Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:eee:wodepe:v:17:y:2020:i:c:s2452292917302072

DOI: 10.1016/j.wdp.2020.100176

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