An Application of Minimum Spanning Trees and Hierarchical Trees to the Study of Interregional Convergence in Regime Dynamics
DOI:
https://doi.org/10.46661/revmetodoscuanteconempresa.2217Keywords:
Dinámica de regímenes, convergencia, árbol de expansión mínima, árbol jerárquico, clusters, quantitative methods, environmental performance, economic result, empirical evidenceAbstract
This paper studies the regional convergence of sub-national states in the case of Mercosur from 1961 to 2005 by using a non-parametric technique of clustering under the concept of "regime of performance". In the first section, a review in interregional convergence is shown for the Mercosur case. Then, methodological concepts are introduced: regimens, dynamic of regimens, and clusters evolution. The best positioned Brazilian states show an interregional convergence process in dynamics of regimens towards the richest Argentinean regions and Uruguay; moreover, Paraguay, the North part of Brazil and the historically underdevelopment regions of Argentina are in scenarios of low economic performance, reducing the intra-group distance but showing a divergence process in reference to the highest income group. Results exhibit evidences in favor to convergence clubs of performance. The final discussion deals with the consequences of economic integration on that process.Downloads
References
Aghion, P.; Howitt, P. (1998). Endogenous Growth Theory. Cambridge: MIT Press.
Arrufat, J.L.; Figueras, A.J.; Blanco, V.J.; De la Mata, M.D. (2005). Análisis de la movilidad regional en Argentina: un enfoque basado en las cadenas de Markov. Anales de la Asociación Argentina de Economía Política. Disponible en http://www.aaep.org.ar
Azzoni, C.R. (2001). Economic growth and regional income inequality in Brazil. The Annals of Regional Science, 35, 133–152.
Barrientos Quiroga, P.A. (2011). Convergence Clubs in Latin America: A Historical Approach. Development Research Working Paper Series (1), University of Arhus.
Barro, R. (1991). Economic Growth in a cross section of Countries. Quarterly Journal of Economics, 106(2), 407–443.
Barro, R.; Sala-i-Martin, X. (1992). Convergence. Journal of Political Economy, 100, 223–251.
Barro, R.; Sala-i-Martin, X. (1995). Economic Growth. New York: McGraw-Hill.
Blyde, J. (2006). Convergence Dynamics in Mercosur. Journal of Economic Integration, 21(4), 784–815.
Bosch Mossi, M.; Aroca, P.; Fernández, I.J.; Azzoni, C.R. (2003). Growth Dynamics and Space in Brazil. International Regional Science Review, 26(3), 393–418.
Brida, J.G. (2008). The dynamic regime concept in Economics. International Journal of Economic Research, 5(1), 55–76.
Brida, J.G.; Garrido, N. (2006). Exploring two inflationary regimes in Latin-American economies: a binary time series análisis. International Journal of Modern Physics, 17(1). Disponible en: http://ssrn.com/abstract=785704
Brida, J.G.; Garrido, N.; London, S. (2011). Estudio del Desempeño Económico Regional: el caso Argentino. WP2011-02 Serie de Documentos de Trabajo en Economía UCN. Disponible en: http://ideas.repec.org/p/cat/dtecon/dt201102.html
Brida, J.G.; London, S.; Risso, A.W. (2010). Clubes de desempeño económico en los países de América: 1955-2003. Revista CEPAL, 101, 39–57.
Brida, J.G; Matesanz, D.; Risso, W.A. (2009). Estructura Jerárquica y Dinámica en los Mercados Cambiarios Latinoamericanos. Investigación Económica, LXVIII(267), 115–157.
Brida, J.G.; Pereyra, J.S.; Puchet Anyul, M.; Risso, W.A. (2011). Regímenes de desempeño económico y dualismo estructural en la dinámica de las entidades federativas de México, 1970-2006. Documentos de Trabajo 10/11. Montevideo: Departamento de Economía, Facultad de Ciencias Sociales, Universidad de la República.
Brida, J.G.; Puchet Anyul, M.; Punzo, L.F. (2003). Coding economic dynamics to represent regime dynamics: a teach-yourself exercise. Structural Change and Economic Dynamics, 14(2), 133–157.
Brida, J.G.; Punzo, L.F. (2008). Multiregime dynamics: modelling and statistical tools. Brazilian Journal of Business Economics, 8(1), 15–28.
Brida, J.G.; Risso, W.A. (2009). Dynamic and Structure of the Italian Stock Market based on returns and volume trading. Economics Bulletin, 29(3), 2420–2426.
Camarero, M.; Flores, R.G.; Tamarit, C. (2008). A “SURE” Approach to Testing for Convergence in Regional Integrated areas: An Application to Output Convergence in Mercosur. Journal of Economic Integration, 23(1), 1–23.
Capello, M; Figueras, A.; Freille, S.; Moncarz, P. (2011). The role of federal transfers in regional convergence in human development indicators in Argentina. Disponible en: http://ssrn.com/abstract=1773080
Carton Madura, C.; Guzmán Villagrán, L. (2007). Integración regional, capital humano y convergencia económica: las experiencias del Mercosur y del Tlcan. En Desarrollo regional y globalización: estudios de casos aplicados a América Latina. Ciudad Juárez: Instituto de Ciencias Sociales y Administración (ICSA), Universidad Autónoma de Ciudad Juárez.
Daher, A. (2000). Regiones metropolitanas binacionales en el Mercosur. Revista EURE, XXVI (78), 103–122.
De Long, B. (1997). Slouching towards utopia? The economic history of the 20th century. Disponible en: http://www.j-bradford-delong.net/TCEH/Slouch_Old.html
Diniz, C.C. (2003). Repensando la cuestión regional brasileña: tendencias, desafíos y caminos. Revista EURE, XXIX (88), 29–53.
Durlauf, S.N.; Johnson, P. (1995). Multiple regimes and cross-country growth behavior. Journal of Applied Econometrics, 10(3), 365–84.
Ferreira, A.H.; Diniz, C.C. (1995). Convergencia entre las rentas per cápita estaduales en Brasil. Revista EURE, XXI (62), 17–31.
Figueras, A.J.; Arrufat, J.L.; De la Mata, M.D.; Álvarez, S. (2004). Convergencia regional: un estudio sobre indicadores de tendencia. Anales de la Asociación Argentina de Economía Política. Disponible en: www.aaep.org.ar
Figueras, A.J; Arrufat, J.L.; Regis, P.J.; (2003). El fenómeno de la convergencia regional: una contribución. Anales de la Asociación Argentina de Economía Política. Disponible en: www.aaep.org.ar
Galor, O. (1996). Convergence? Inferences from theoretical models. The Economic Journal, 106(437), 1056–1069.
Gondim, J.L.B; Barreto, F.A.; Carvalho, J.R. (2007). Condicionantes de Clubes de Convergência no Brasil. Estudos Economicos, 37(1), 71–100.
Hecksher, E. (1919). L'effet du commerce international sur la répartition des revenus. En Lassudrie-Duchêne Eds. (1972): Echange international et Croissance. Paris: Economica.
Jerzmanowski, M. (2006). Empirics of hills, plateaus, mountains and plains: A Markovswitching approach to growth. Journal of Economic Development, 81, 357–385.
Johnson, P.A. (2000). A nonparametric analysis of income convergence across the US States. Economics Letters, 69, 219–223.
Krugman, P. (1991). Geography and Trade. Cambridge: MIT Press.
Lucas, R.E. (1988). On the Mechanics of Economic Development. Journal of Monetary Economics, 22, 3–42.
Madariaga, N.; Montout, S.; Ollivaud, P. (2004). Regional Convergence, Trade Liberalization and Agglomeration of Activities: An Analysis of NAFTA and MERCOSUR Cases. Paris: Cahiers de la MSE, Maison des Science Economiques. Universitè de Paris Panthèon-Sorbonne.
Magalhães da Costa, L. (2009). Análise do processo de convergência de renda nos estados brasileiros: 1970-2005 (tesis inédita de maestría). Escola de Pós-Graduação em Economia da Fundação Getúlio Vargas.
Mankiw, N.G.; Romer, D.; Weil, N.D. (1992). A Contribution to the Empirics of Economic Growth. The Quarterly Journal of Economics, 107(2), 407–437.
Mantegna, R.N. (1999). Hierarchical Structure in Financial Markets. The European Physical Journal B, 11, 193–197.
Marina, A; Garrido, N.; Sotelsek, D. (2002). Dinámica de la distribución del producto a través de las provincias argentinas, 1970-1995. Estudios de Economía Aplicada, 20(2), 403–421.
Moncayo. E. (2004). El debate sobre la convergencia económica internacional e interregional: enfoques teóricos y evidencia empírica. Revista EURE, XXX (90), 7–26.
Ohlin, B. (1933). Interregional and International Trade. Cambridge: Harvard University Press.
Onnela, J. (2002). Taxonomy of Financial Assets (tesis inédita de maestría). Dpt. of Electrical and Communications Engineering, Helsinki University of Technology.
Pritchett, L. (2000). Understanding Patterns of Economic Growth: Searching for Hills among Plateaus, Mountains and Plains. The World Bank Economic Review, 14(2), 221–250.
Quah, D. (1993). Empirical cross-section dynamics in economic growth. European Economic Review, 37, 426–434.
Quah, D.T. (1996). Twin peaks: growth and convergence in models of distribution dynamics. The Economic Journal, 106(437).
Quah, D.T. (1997). Empirics for growth and distribution: stratification, polarization and convergence clubs. Journal of Economic Growth, 2(1).
Ramal, R.; Toulouse, G.; Virasoro, M.A. (1986). Ultrametricity for Physicists. Review of Modern Physics, 58(3), 765–788.
Ramón-Berjano, C. (2002). Convergence of regional disparities in Argentina and Brazil: the implications for Mercosur. The Royal Institute of International Affairs Paper.
Romer, P.M. (1989). Human Capital and Growht: Theory and Evidence, NBER Working Paper Series, nº 3173.
Ros, J., (2001). Development Theory and the Economics of Growth. Michigan: University of Michigan Press.
Russo, J.L.; Delgado, F.C. (2000). Evolución de la convergencia y disparidades provinciales en Argentina. Revista de Estudios Regionales, 57, 151–174.
Serra, M.I.; Pazmino, M.F.; Lindow, G.; Sutton, B; Ramírez, G. (2006). Regional Convergence in Latin America, IMF Working Paper, WP/06/125.
Solow, R. (1956). A Contribution to the Theory of Economic Growth. Quarterly Journal of Economics, 70, 65–94.
Stolper, W.F.; Samuelson, P.(1941). Protection and Real Wages. Review of Economic Studies, 9.
Utrera, G.; Koroch, J. (1998). Convergencia: evidencia empírica para las provincias argentinas (1953-1994). Anales de la Asociación Argentina de Economía Política. Disponible en: www.aaep.org.ar
Downloads
Published
How to Cite
Issue
Section
License
Copyright (c) 2013 Revista de Métodos Cuantitativos para la Economía y la Empresa
This work is licensed under a Creative Commons Attribution-ShareAlike 4.0 International License.
Submission of manuscripts implies that the work described has not been published before (except in the form of an abstract or as part of thesis), that it is not under consideration for publication elsewhere and that, in case of acceptance, the authors agree to automatic transfer of the copyright to the Journal for its publication and dissemination. Authors retain the authors' right to use and share the article according to a personal or instutional use or scholarly sharing purposes; in addition, they retain patent, trademark and other intellectual property rights (including research data).
All the articles are published in the Journal under the Creative Commons license CC-BY-SA (Attribution-ShareAlike). It is allowed a commercial use of the work (always including the author attribution) and other derivative works, which must be released under the same license as the original work.
Up to Volume 21, this Journal has been licensing the articles under the Creative Commons license CC-BY-SA 3.0 ES. Starting from Volume 22, the Creative Commons license CC-BY-SA 4.0 is used.
