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Title: Economic and social convergence in Colombia (WP)
Author: Royuela Mora, Vicente
García Cruz, Gustavo Adolfo
Keywords: Convergència (Economia)
Estimació d'un paràmetre
Anàlisi de regressió
Convergence (Economics)
Parameter estimation
Regression analysis
Issue Date: 2010
Publisher: Universitat de Barcelona. Institut de Recerca en Economia Aplicada Regional i Pública
Series/Report no: [WP E-IR10/14]
Abstract: GDP has usually been used as a proxy for human well-being. Nevertheless, other social aspects should also be considered, such as life expectancy, infant mortality, educational enrolment and crime issues. With this paper we investigate not only economic convergence but also social convergence between regions in a developing country, Colombia, in the period 1975-2005. We consider several techniques in our analysis: sigma convergence, stochastic kernel estimations, and also several empirical models to find out the beta convergence parameter (cross section and panel estimates, with and without spatial dependence). The main results confirm that we can talk about convergence in Colombia in key social variables, although not in the classic economic variable, GDP per capita. We have also found that spatial autocorrelation reinforces convergence processes through deepening market and social factors, while isolation condemns regions to nonconvergence.
Note: Reproducció del document publicat a:
It is part of: IREA – Working Papers, 2010, IR10/14
ISSN: 2014-1254
Appears in Collections:Documents de treball (Institut de Recerca en Economia Aplicada Regional i Pública (IREA))
Documents de treball / Informes (Econometria, Estadística i Economia Aplicada)

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