Ayala, Astrid; Cunado, Juncal; Gil-Alana, Luis Alberiko - In: Applied Economics 45 (2013) 22, pp. 3220-3229
This article investigates the real convergence of 17 Latin American countries to the US economy for the period 1950 to 2011. Time series methods are used to test stochastic and β-convergence. These methods include the possibility of one or two structural changes. The results show that when...