Economics at your fingertips  

Long run dynamics of regional growth in Chile

Carlos Oyarzun and Ivan Araya ()

Estudios de Economia, 2001, vol. 28, issue 1 Year 2001, 69-78

Abstract: The aim of this article is to examine the process of economic growth in the regions of Chile using a time series approach.In particular,we test the hypothesis of a unit root in the log of the ratios of per capita product between every possible pair taken from the 13 regions.The ‘acceptance’ of the null hypothesis means that the ratio of the per capita product doesn’t tend to revert to a deterministic constant value and therefore,one of the definitions of convergence in Bernard and Durlauf (1996) is violated.We have found that there are two groups of regions that show within-group convergence but the two groups don’t converge.Also,there are two regions that don ’t converge with any other region of the country.

Keywords: Convergence; Cointegration; Unit root tests; Level Shifts; Chilean Economy. (search for similar items in EconPapers)
JEL-codes: C22 O40 (search for similar items in EconPapers)
Date: 2001
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (10) Track citations by RSS feed

Downloads: (external link) ... 9fc-f612e27c3bfc.pdf (application/pdf)

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:

Access Statistics for this article

Estudios de Economia is currently edited by Rómulo Chumacero

More articles in Estudios de Economia from University of Chile, Department of Economics Contact information at EDIRC.
Bibliographic data for series maintained by Verónica Kunze ().

Page updated 2022-01-13
Handle: RePEc:udc:esteco:v:28:y:2001:i:1:p:69-78