Revisiting the regional growth convergence debate in Colombia using income indicators

Type Report
Title Revisiting the regional growth convergence debate in Colombia using income indicators
Author(s)
Publication (Day/Month/Year) 2009
URL http://www.econstor.eu/bitstream/10419/57299/1/608919179.pdf
Abstract
This paper investigates growth convergence across Colombian departments
during the period of 1975 to 2000, following both the regression and the distributional
approaches suggested in the literature, and using two income measures
computed by Centro de Estudios Ganaderos (CEGA). We also discuss issues related
to data provided by Departamento Administrativo Nacional de Estadisticas (DANE)
used by previous convergence studies. Our results show no evidence supporting convergence
using per capita gross departmental product, but rather persistence in the
distribution. Using per capita gross household disposable income, we find convergence,
but only at a low speed, close to one percent per year. Furthermore, we find no
evidence of the existence of different steady states for the two variables considered.

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