Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?

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Real incomes, consumption, government expenditures and investment for countries in Latin America and the Caribbean (LAC) for the period 1971 to 2012 are studied using a recently released source of data. Although growth in real incomes have not been uniform across all countries, for a large majority...

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Autor principal: Rambaldi, Alicia N.
Formato: Artículo revista
Lenguaje:Inglés
Publicado: Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2015
Materias:
América Latina
convergencia
base de datos UQICD
E01
N10
O47
Latin America
convergence
UQICD database
Acceso en línea:https://revistas.unc.edu.ar/index.php/REyE/article/view/16414
Aporte de:
Revistas de la UNC de Universidad Nacional de Córdoba
id I10-R10-article-16414
record_format ojs
spelling I10-R10-article-164142022-04-06T18:20:11Z Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence? Los ingresos reales y sus agregados en América Latina y el Caribe  ¿Una historia de Convergencia? Rambaldi, Alicia N. América Latina convergencia base de datos UQICD E01 N10 O47 Latin America convergence UQICD database E01 N10 O47 Real incomes, consumption, government expenditures and investment for countries in Latin America and the Caribbean (LAC) for the period 1971 to 2012 are studied using a recently released source of data. Although growth in real incomes have not been uniform across all countries, for a large majority both income and consumption have been increasing since the beginning of this century. The trends indicate increasing prosperity which could lead to welfare gains if a sustained effort is made to reduce income inequality. The patterns in real investment and government consumption are more heterogeneous across countries. The majority of the South American economies, Panama, Mexico and most Caribbean economies have either maintain or increase real levels of investment. Government expenditures have been more varied; however, there is some evidence that after the global financial crises (2007-2008) a few economies increased real government expenditures when investment shares decreased. A partir de una base de datos cuyo acceso fue recientemente liberado, se estudian las variables de ingreso real, el consumo, la inversión y gasto del gobierno para los países de América Latina y el Caribe (ALC) en el período 1971-2012. Aunque el crecimiento de los ingresos reales no ha sido uniforme en todos los países, para una gran mayoría tanto los ingresos como el consumo se han incrementado desde el comienzo de este siglo. Las tendencias indican un aumento de la prosperidad que podría conducir a ganancias de bienestar si se realiza un esfuerzo sostenido para reducir la desigualdad de ingresos. Los patrones de inversión real y el consumo público son más heterogéneos. La mayoría de las economías de América del Sur, Panamá, México y la mayoría de las economías del Caribe han mantenido o incrementado los niveles reales de inversión. Los niveles de gasto de gobierno han sido más variados. No obstante hay algunas evidencias de que después de la crisis financiera mundial (2007-2008) algunas economías aumentaron el gasto público real cuando los niveles de inversión disminuyeron. Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba. 2015-12-01 info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion application/pdf https://revistas.unc.edu.ar/index.php/REyE/article/view/16414 Revista de Economía y Estadística; Vol. 53 No. 1 (2015); 129-164 Revista de Economía y Estadística; Vol. 53 Núm. 1 (2015); 129-164 2451-7321 0034-8066 10.55444/2451.7321.2015.v53.n1 eng https://revistas.unc.edu.ar/index.php/REyE/article/view/16414/16275 Derechos de autor 2015 Alicia N. Rambaldi http://creativecommons.org/licenses/by-nc-nd/4.0
institution Universidad Nacional de Córdoba
institution_str I-10
repository_str R-10
container_title_str Revistas de la UNC
language Inglés
format Artículo revista
topic América Latina
convergencia
base de datos UQICD
E01
N10
O47
Latin America
convergence
UQICD database
E01
N10
O47
spellingShingle América Latina
convergencia
base de datos UQICD
E01
N10
O47
Latin America
convergence
UQICD database
E01
N10
O47
Rambaldi, Alicia N.
Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
topic_facet América Latina
convergencia
base de datos UQICD
E01
N10
O47
Latin America
convergence
UQICD database
E01
N10
O47
author Rambaldi, Alicia N.
author_facet Rambaldi, Alicia N.
author_sort Rambaldi, Alicia N.
title Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
title_short Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
title_full Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
title_fullStr Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
title_full_unstemmed Real Incomes and Its Aggregates in Latin American and The Caribbean: A Tale of Convergence?
title_sort real incomes and its aggregates in latin american and the caribbean: a tale of convergence?
description Real incomes, consumption, government expenditures and investment for countries in Latin America and the Caribbean (LAC) for the period 1971 to 2012 are studied using a recently released source of data. Although growth in real incomes have not been uniform across all countries, for a large majority both income and consumption have been increasing since the beginning of this century. The trends indicate increasing prosperity which could lead to welfare gains if a sustained effort is made to reduce income inequality. The patterns in real investment and government consumption are more heterogeneous across countries. The majority of the South American economies, Panama, Mexico and most Caribbean economies have either maintain or increase real levels of investment. Government expenditures have been more varied; however, there is some evidence that after the global financial crises (2007-2008) a few economies increased real government expenditures when investment shares decreased.
publisher Instituto de Economía y Finanzas. Facultad de Ciencias Económicas. Universidada Nacional de Córdoba.
publishDate 2015
url https://revistas.unc.edu.ar/index.php/REyE/article/view/16414
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first_indexed 2022-08-20T00:58:09Z
last_indexed 2022-08-20T00:58:09Z
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