Testing for convergence among Mercosur countries
Juan Cuestas and
Javier Ordóñez ()
NBS Discussion Papers in Economics from Economics, Nottingham Business School, Nottingham Trent University
The aim of this paper is to analyse the existence of price convergence in Mercosur. Two variables are considered, Consumer Price Indices to assess convergence in the goods and services markets and real interest rates, to analyse convergence in the money markets. The univariate analysis points only to convergence in real interest rates, whilst the multivariate analysis provides evidence of common trends in both markets.
Keywords: Mercosur; economic integration; unit roots; nonlinearities; co-trending. (search for similar items in EconPapers)
JEL-codes: C32 F15 (search for similar items in EconPapers)
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http://www.ntu.ac.uk/__data/assets/pdf_file/0007/3 ... rcosur-countries.pdf First version, 2007 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:nbs:wpaper:2007/1
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