02075cas a2200277 a 4500 AALejournalIMF004179 230101c9999 xx r poo 0 0eng d 5.00 USD 9781451863857 1018-5941 BD-DhAAL BD-DhAAL Sutton, Bennett. Regional Convergence in Latin America / Bennett Sutton, Genevieve Lindow, Maria Isabel Serra, Gustavo Ramirez. Washington, D.C. : International Monetary Fund, 2006. 1 online resource (29 pages) IMF Working Papers <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents empirical evidence on convergence of per capita output for regions within six large middle-income Latin American countries: Argentina, Brazil, Chile, Colombia, Mexico, and Peru. It explores the role played by several exogenous sectoral shocks and differences in steady states within each country. It finds that poor and rich regions within each country converged at very low rates over the past three decades. It also finds evidence of regional "convergence clubs" within Brazil and Peru- the estimated speeds of convergence for these countries more than double after controlling for different subnational levels of steady state. For the latter countries and Chile, convergence is also higher after controlling for sector-specific shocks. Finally, results show that national disparities in per capita output increased temporarily after each country pursued trade liberalization. Mode of access: Internet Lindow, Genevieve. Ramirez, Gustavo. Serra, Maria Isabel. IMF Working Papers; Working Paper ; No. 2006/125 Full text available on IMF http://elibrary.imf.org/view/journals/001/2006/125/001.2006.issue-125-en.xml IMF e-Library