GROWTH CONVERGENCE IN SOUTH AMERICA

Mauricio Bittencourt

No 36277, 2004 Annual Meeting, June 30-July 2, 2004, Honolulu, Hawaii from Western Agricultural Economics Association

Abstract: This study analyzed the influence of structural change on GDP convergence in Argentina, Brazil and Uruguay (ABU) in the context of a Keynesian model with balance of payments constraints. Empirical evidence suggested that income and structural convergence were associated in the post-II World War period. The differences in industrial and economic policies in ABU may have contributed to explain the intensity of the process of structural change in these countries. ABU exhibited a different ability to reshape their institutions with a view to encouraging industrial transformation. The Brazilian industrial policy seems to have been more efficient in promoting structural convergence.

Keywords: Institutional; and; Behavioral; Economics (search for similar items in EconPapers)
Pages: 24
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:ags:waeaho:36277

DOI: 10.22004/ag.econ.36277

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