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Revisiting the Regional Growth Convergence Debate in Colombia Using Income Indicators

Boris Branisa CaballeroAdriana Cardozo

出版	Ibero-Amerika Institut für Wirtschaftsforschung, 2009
URL	http://books.google.com.hk/books?id=BTY5mwEACAAJ&hl=&source=gbs_api

註釋

This paper investigates growth convergence across Colombian departments during the period of 1975 to 2000, following both the regression and the distributional approaches suggested in the literature, and using two income measures computed by Centro de Estudios Ganaderos (CEGA). The results show no evidence supporting convergence using per capita gross departmental product, but rather persistence in the distribution. Using per capita gross household disposable income, we find convergence, but only at a low speed, close to one percent per year. Furthermore, we find no evidence of the existence of different steady states for the two variables considered.