Panel data stochastic convergence analysis of the Mexican regions |
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Authors: | Josep Lluís Carrion-i-Silvestre Vicente German-Soto |
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Institution: | 1.AQR-IREA Research Group, Department of Econometrics, Statistics and Spanish Economy,University of Barcelona,Barcelona,Spain;2.Facultad de Economía,Universidad Autónoma de Coahuila,Saltillo,Mexico |
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Abstract: | The stochastic convergence amongst Mexican Federal entities is analyzed in panel data framework. The joint consideration of
cross-section dependence and multiple structural breaks is required to ensure that the statistical inference is based on statistics
with good statistical properties. Once these features are accounted for, evidence in favour of stochastic convergence is found.
Since stochastic convergence is a necessary, but not sufficient, condition for convergence as predicted by economic growth
models, the paper also investigates whether β-convergence process has taken place. We found that the Mexican states have followed either heterogeneous convergence patterns
or divergence process throughout the analyzed period. |
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Keywords: | |
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