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and improve citizens’ living standards. This study evaluates the convergence in real GDP per-capita, as a suitable proxy … definitions of convergence and common trends, the presented evidence supports the existence of common long-run trends driving … output in South America, meaning that the region is involved in a dynamic process of convergence in living standards. …
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. There are several theoretical avenues whereby the geographic convergence of these variables and the observed inflation … convergence could be related. We also relate the common factor in inflation obtained to some potential explanatory variables …
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