Empirical Evidence on Convergence Across Brazilian States

Detalhes bibliográficos
Autor(a) principal: Lima, Luiz Renato
Data de Publicação: 2010
Outros Autores: Notini, Hilton Hostalácio, Reis Gomes, Fábio Augusto
Tipo de documento: Artigo
Idioma: eng
por
Título da fonte: Revista Brasileira de Economia (Online)
Texto Completo: https://periodicos.fgv.br/rbe/article/view/1481
Resumo: This paper is aimed to analyze the convergence hypothesis across Brazilian States in a 60 year period (1947-2006). In order to test the existence of income convergence, the order of integration of the income differences between each State and São Paulo is examined. São Paulo is the richest State and for this reason is used as a benchmark. First of all, we employed the conventional unit root tests, finding evidence against the convergence hypothesis. However, given the lack of power of unit root tests, especially when the convergence is very low, we used ARFIMA models, which is also theoretically more appropriate [Michelacci and Zaffaroni (2000)]. Even so, the findings of the ARFIMA models cast doubts on the convergence hypothesis
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spelling Empirical Evidence on Convergence Across Brazilian StatesEmpirical Evidence on Convergence Across Brazilian StatesGrowth ModelStochastic ConvergenceLong MemoryBrazil.Growth ModelStochastic ConvergenceLong MemoryBrazil.This paper is aimed to analyze the convergence hypothesis across Brazilian States in a 60 year period (1947-2006). In order to test the existence of income convergence, the order of integration of the income differences between each State and São Paulo is examined. São Paulo is the richest State and for this reason is used as a benchmark. First of all, we employed the conventional unit root tests, finding evidence against the convergence hypothesis. However, given the lack of power of unit root tests, especially when the convergence is very low, we used ARFIMA models, which is also theoretically more appropriate [Michelacci and Zaffaroni (2000)]. Even so, the findings of the ARFIMA models cast doubts on the convergence hypothesisO objetivo deste trabalho é analisar a hipótese de convergência entre os estados brasileiros, considerando um período de 60 anos (1947-2006). Para testar a existência de convergência de renda, foi examinada a ordem de integração das séries da diferença de renda entre cada estado e o estado de São Paulo. Esta abordagem de séries temporais não inclui nenhuma regressor na análise e, como consequência, pode ser vista como um teste incondicional.São Paulo é o estado mais rico e, por isso, é usado como referência.Primeiramente, foram empregados os testes de raiz unitária tradicionais,sendo encontrada evidência contra a hipótese de convergência. No entanto, dado o baixo poder dos testes de raiz unitária, especialmente quando a taxa de convergência é muito baixa, usamos modelos ARFIMA, que também são teoricamente mais adequados (Michelacci e Zaffaroni, 2000). Mesmo assim, os resultados da estimação dos modelos ARFIMA lançam dúvidas sobre a hipótese de convergência.EGV EPGE2010-06-28info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticlesArtigosapplication/pdfapplication/pdfhttps://periodicos.fgv.br/rbe/article/view/1481Revista Brasileira de Economia; Vol. 64 No. 2 (2010); 135-160Revista Brasileira de Economia; v. 64 n. 2 (2010); 135-1601806-91340034-7140reponame:Revista Brasileira de Economia (Online)instname:Fundação Getulio Vargas (FGV)instacron:FGVengporhttps://periodicos.fgv.br/rbe/article/view/1481/1717https://periodicos.fgv.br/rbe/article/view/1481/1718Lima, Luiz RenatoNotini, Hilton HostalácioReis Gomes, Fábio Augustoinfo:eu-repo/semantics/openAccess2010-07-22T20:11:53Zoai:ojs.periodicos.fgv.br:article/1481Revistahttps://periodicos.fgv.br/rbe/https://periodicos.fgv.br/rbe/oai||rbe@fgv.br1806-91340034-7140opendoar:2024-03-06T13:03:04.198712Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)true
dc.title.none.fl_str_mv Empirical Evidence on Convergence Across Brazilian States
Empirical Evidence on Convergence Across Brazilian States
title Empirical Evidence on Convergence Across Brazilian States
spellingShingle Empirical Evidence on Convergence Across Brazilian States
Lima, Luiz Renato
Growth Model
Stochastic Convergence
Long Memory
Brazil.
Growth Model
Stochastic Convergence
Long Memory
Brazil.
title_short Empirical Evidence on Convergence Across Brazilian States
title_full Empirical Evidence on Convergence Across Brazilian States
title_fullStr Empirical Evidence on Convergence Across Brazilian States
title_full_unstemmed Empirical Evidence on Convergence Across Brazilian States
title_sort Empirical Evidence on Convergence Across Brazilian States
author Lima, Luiz Renato
author_facet Lima, Luiz Renato
Notini, Hilton Hostalácio
Reis Gomes, Fábio Augusto
author_role author
author2 Notini, Hilton Hostalácio
Reis Gomes, Fábio Augusto
author2_role author
author
dc.contributor.author.fl_str_mv Lima, Luiz Renato
Notini, Hilton Hostalácio
Reis Gomes, Fábio Augusto
dc.subject.por.fl_str_mv Growth Model
Stochastic Convergence
Long Memory
Brazil.
Growth Model
Stochastic Convergence
Long Memory
Brazil.
topic Growth Model
Stochastic Convergence
Long Memory
Brazil.
Growth Model
Stochastic Convergence
Long Memory
Brazil.
description This paper is aimed to analyze the convergence hypothesis across Brazilian States in a 60 year period (1947-2006). In order to test the existence of income convergence, the order of integration of the income differences between each State and São Paulo is examined. São Paulo is the richest State and for this reason is used as a benchmark. First of all, we employed the conventional unit root tests, finding evidence against the convergence hypothesis. However, given the lack of power of unit root tests, especially when the convergence is very low, we used ARFIMA models, which is also theoretically more appropriate [Michelacci and Zaffaroni (2000)]. Even so, the findings of the ARFIMA models cast doubts on the convergence hypothesis
publishDate 2010
dc.date.none.fl_str_mv 2010-06-28
dc.type.driver.fl_str_mv info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Articles
Artigos
format article
status_str publishedVersion
dc.identifier.uri.fl_str_mv https://periodicos.fgv.br/rbe/article/view/1481
url https://periodicos.fgv.br/rbe/article/view/1481
dc.language.iso.fl_str_mv eng
por
language eng
por
dc.relation.none.fl_str_mv https://periodicos.fgv.br/rbe/article/view/1481/1717
https://periodicos.fgv.br/rbe/article/view/1481/1718
dc.rights.driver.fl_str_mv info:eu-repo/semantics/openAccess
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
application/pdf
dc.publisher.none.fl_str_mv EGV EPGE
publisher.none.fl_str_mv EGV EPGE
dc.source.none.fl_str_mv Revista Brasileira de Economia; Vol. 64 No. 2 (2010); 135-160
Revista Brasileira de Economia; v. 64 n. 2 (2010); 135-160
1806-9134
0034-7140
reponame:Revista Brasileira de Economia (Online)
instname:Fundação Getulio Vargas (FGV)
instacron:FGV
instname_str Fundação Getulio Vargas (FGV)
instacron_str FGV
institution FGV
reponame_str Revista Brasileira de Economia (Online)
collection Revista Brasileira de Economia (Online)
repository.name.fl_str_mv Revista Brasileira de Economia (Online) - Fundação Getulio Vargas (FGV)
repository.mail.fl_str_mv ||rbe@fgv.br
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