Abstract

MORA-MORA, José Ustorgio. The Pacific Alliance and Mercosur: Evidence of economic convergence. estud.gerenc. [online]. 2016, vol.32, n.141, pp.309-318. ISSN 0123-5923.  https://doi.org/10.1016/j.estger.2016.10.005.

Bymeans of an economic convergence index and the analysis of correlations between several macroeco nomic aggregates, this paper approaches the problem of economic convergence among country members of the Pacific Alliance and Mercosur. Data were extracted from different sources and refer to the 1980 2014 period. Empirical results are not conclusive. It is not possible to determine the path that these two major blocs must follow to conquer an expanded and deeper economic integration, although the patterns followed by the member country decisions fora greater economic convergence suggest that this maybe feasible in the medium and long run. The economic convergence index shows this tendency. However, correlation analysis does not allow establishing a definite answer.

Keywords : Economic convergence; Economic integration; Latin America; Pacific Alliance; Mercosur..

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