An Examination of the Convergence in the Output of South American Countries: The Influence of the Region’s Integration Projects

Andrea Bonilla Bolanos
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Andrea Bonilla Bolanos: Université de Lyon, Lyon, F-69007, France ; CNRS, GATE Lyon St Etienne,F-69130 Ecully, France
Authors registered in the RePEc Author Service: Andrea Gabriela Bonilla-Bolaños

No 1424, Working Papers from Groupe d'Analyse et de Théorie Economique Lyon St-Étienne (GATE Lyon St-Étienne), Université de Lyon

Abstract: Since 2000, South American economies have undertaken several regional projects to eliminate socioeconomic inequalities and improve citizens’ living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy measure, of 10 Unasur members, namely Argentina, Bolivia, Brazil, Chile, Colombia, Ecuador, Peru, Uruguay, Paraguay, and Venezuela, for the period 1951-2011. By relying on cointegration techniques and applying Bernard and Durlauf’s (1995) stochastic definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving output in South America, meaning that the region is involved in a dynamic process of convergence in living standards.

Keywords: Cointegration; Convergence; Economic integration; South America; Unasur (search for similar items in EconPapers)
JEL-codes: C32 O40 O54 (search for similar items in EconPapers)
Date: 2014
New Economics Papers: this item is included in nep-lam and nep-ppm
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Persistent link: https://EconPapers.repec.org/RePEc:gat:wpaper:1424

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