Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/259456 
Year of Publication: 
2020
Citation: 
[Journal:] Latin American Economic Review [ISSN:] 2196-436X [Volume:] 29 [Issue:] 1 [Article No.:] 6 [Publisher:] Centro de Investigación y Docencia Económica (CIDE) [Place:] Ciudad de México [Year:] 2020 [Pages:] 1-17
Publisher: 
Centro de Investigación y Docencia Económica (CIDE), Ciudad de México
Abstract: 
For a selected group of Latin America countries we estimated the parameters of convergence equations on the basis of annual data. We test cross-country heterogeneity of parameters within a system of Seemingly Unrelated Regression Equations (SURE) that departures from standard approach utilizing panel regressions. We show empirical evidence in favor of the variability of parameters describing the convergence effect and productivity growth rates across analyzed club of countries. We also test several restrictions leading to less parameterized models imposing constancy of parameters of interest across countries.
Subjects: 
convergence
labour productivity
economic growth
SURE
Latin America
JEL: 
C30
C47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-nc-nd Logo
Document Type: 
Article

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