LIBERALIZATION, PUBLIC SPENDING AND CONVERGENCE IN LATIN AMERICA: AN SPATIAL ECONOMETRIC MODEL

Abstract

The study focuses on the analysis of economic growth of the Latin American countries, during the period 1950-2000 The methodology of the paper is based on the use of spatial econometric thechniques applied to a cross section and panel data. The results showed conditional convergence for the region from 1950 to 1975, and both absolute and conditional divergence from 1980 to 2000.Convergence; Latin America