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Economic and commercial convergence in Latin America. How are these countries doing so far?
Structural Change and Economic Dynamics ( IF 5.0 ) Pub Date : 2021-04-06 , DOI: 10.1016/j.strueco.2021.03.012
Alberto José Hurtado Briceño , Sadcidi Zerpa de Hurtado , José U. Mora Mora

This paper aims to analyze economic and commercial convergence in the three active integration agreements in the region: Central American Integration System, Southern Common Market, and Pacific Alliance. To this end, we estimated the Economic Convergence Index and correlations among the main macroeconomic aggregates. The empirical evidence reveals that, apart from Venezuela, Latin American countries have a high potential to form a common market. This potential derives more from the dynamics of their economies than from the political blocs or agreements that States want to pursue.



中文翻译:

拉丁美洲的经济和商业融合。这些国家目前情况如何?

本文旨在分析该地区三个积极的一体化协议中的经济和商业融合:中美洲一体化体系,南部共同市场和太平洋联盟。为此,我们估算了经济趋同指数以及主要宏观经济总量之间的相关性。经验证据表明,除委内瑞拉外,拉丁美洲国家具有形成共同市场的巨大潜力。这种潜力更多地来自其经济动力,而不是各国想要追求的政治集团或协议。

更新日期:2021-04-19
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