Monetary union and productivity differences in mercosur countries
Autor(a) principal: | |
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Data de Publicação: | 2004 |
Outros Autores: | , |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Institucional do FGV (FGV Repositório Digital) |
Texto Completo: | http://hdl.handle.net/10438/879 |
Resumo: | This paper investigates cross-country productivity convergence among Mercosur members plus associates (Chile and Bolivia) and Peru, during the period 1960-1999. The testing strategy is based on the definitions of time-series convergence by Bernard and Durlauf (1995), and applies sequentially the multivariate unit root tests proposed by Sarno and Taylor (1998), Flôres, Preumont and Szafarz (1995) and Breuer, Mc Nown and Wallace (1999). The last two tests allow to identify the countries that converge. Our results show evidence of convergence among the four Mercosur countries, using either Argentina or Brazil as benchmark. Weaker evidence of convergence is also found with Bolivia. The results point out that monetary union among the Southern Cone economies, though a far objective, is not without sense. |
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Camarero, MariamFlôres Junior, Renato GalvãoTamarit, Cecilio R.Escolas::EPGEFGV2008-05-13T15:38:47Z2008-05-13T15:38:47Z2004-04-010104-8910http://hdl.handle.net/10438/879This paper investigates cross-country productivity convergence among Mercosur members plus associates (Chile and Bolivia) and Peru, during the period 1960-1999. The testing strategy is based on the definitions of time-series convergence by Bernard and Durlauf (1995), and applies sequentially the multivariate unit root tests proposed by Sarno and Taylor (1998), Flôres, Preumont and Szafarz (1995) and Breuer, Mc Nown and Wallace (1999). The last two tests allow to identify the countries that converge. Our results show evidence of convergence among the four Mercosur countries, using either Argentina or Brazil as benchmark. Weaker evidence of convergence is also found with Bolivia. The results point out that monetary union among the Southern Cone economies, though a far objective, is not without sense.engEscola de Pós-Graduação em Economia da FGVEnsaios Econômicos;542Stochastic convergenceSUR estimationMultivariate unit root testsProductivity convergenceMERCOSUREconomiaEconomiaMonetary union and productivity differences in mercosur countriesinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articlereponame:Repositório Institucional do FGV (FGV Repositório Digital)instname:Fundação Getulio Vargas (FGV)instacron:FGVinfo:eu-repo/semantics/openAccessORIGINAL1614.pdfapplication/pdf296805https://repositorio.fgv.br/bitstreams/16c1e1ed-e9f1-4021-8ef4-04ce8fecdd3a/downloadac3096ce333b42201366974430e33e7eMD51TEXT1614.pdf.txt1614.pdf.txtExtracted texttext/plain49211https://repositorio.fgv.br/bitstreams/fbb1dc3a-34de-437c-8af8-0f855847b675/download241422e5abd96f41a243dedf07989e8dMD56THUMBNAIL1614.pdf.jpg1614.pdf.jpgGenerated Thumbnailimage/jpeg3292https://repositorio.fgv.br/bitstreams/3964608a-725b-419a-91d2-d52fbf486d36/download3ddac50a8994df6fc602cc72c8a1166cMD5710438/8792023-11-09 21:48:04.556open.accessoai:repositorio.fgv.br:10438/879https://repositorio.fgv.brRepositório InstitucionalPRIhttp://bibliotecadigital.fgv.br/dspace-oai/requestopendoar:39742023-11-09T21:48:04Repositório Institucional do FGV (FGV Repositório Digital) - Fundação Getulio Vargas (FGV)false |
dc.title.eng.fl_str_mv |
Monetary union and productivity differences in mercosur countries |
title |
Monetary union and productivity differences in mercosur countries |
spellingShingle |
Monetary union and productivity differences in mercosur countries Camarero, Mariam Stochastic convergence SUR estimation Multivariate unit root tests Productivity convergence MERCOSUR Economia Economia |
title_short |
Monetary union and productivity differences in mercosur countries |
title_full |
Monetary union and productivity differences in mercosur countries |
title_fullStr |
Monetary union and productivity differences in mercosur countries |
title_full_unstemmed |
Monetary union and productivity differences in mercosur countries |
title_sort |
Monetary union and productivity differences in mercosur countries |
author |
Camarero, Mariam |
author_facet |
Camarero, Mariam Flôres Junior, Renato Galvão Tamarit, Cecilio R. |
author_role |
author |
author2 |
Flôres Junior, Renato Galvão Tamarit, Cecilio R. |
author2_role |
author author |
dc.contributor.unidadefgv.por.fl_str_mv |
Escolas::EPGE |
dc.contributor.affiliation.none.fl_str_mv |
FGV |
dc.contributor.author.fl_str_mv |
Camarero, Mariam Flôres Junior, Renato Galvão Tamarit, Cecilio R. |
dc.subject.eng.fl_str_mv |
Stochastic convergence SUR estimation Multivariate unit root tests Productivity convergence |
topic |
Stochastic convergence SUR estimation Multivariate unit root tests Productivity convergence MERCOSUR Economia Economia |
dc.subject.spa.fl_str_mv |
MERCOSUR |
dc.subject.area.por.fl_str_mv |
Economia |
dc.subject.bibliodata.por.fl_str_mv |
Economia |
description |
This paper investigates cross-country productivity convergence among Mercosur members plus associates (Chile and Bolivia) and Peru, during the period 1960-1999. The testing strategy is based on the definitions of time-series convergence by Bernard and Durlauf (1995), and applies sequentially the multivariate unit root tests proposed by Sarno and Taylor (1998), Flôres, Preumont and Szafarz (1995) and Breuer, Mc Nown and Wallace (1999). The last two tests allow to identify the countries that converge. Our results show evidence of convergence among the four Mercosur countries, using either Argentina or Brazil as benchmark. Weaker evidence of convergence is also found with Bolivia. The results point out that monetary union among the Southern Cone economies, though a far objective, is not without sense. |
publishDate |
2004 |
dc.date.issued.fl_str_mv |
2004-04-01 |
dc.date.accessioned.fl_str_mv |
2008-05-13T15:38:47Z |
dc.date.available.fl_str_mv |
2008-05-13T15:38:47Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10438/879 |
dc.identifier.issn.none.fl_str_mv |
0104-8910 |
identifier_str_mv |
0104-8910 |
url |
http://hdl.handle.net/10438/879 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.ispartofseries.por.fl_str_mv |
Ensaios Econômicos;542 |
dc.rights.driver.fl_str_mv |
info:eu-repo/semantics/openAccess |
eu_rights_str_mv |
openAccess |
dc.publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
publisher.none.fl_str_mv |
Escola de Pós-Graduação em Economia da FGV |
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