Analysis of Regional Income Mobility in Argentina

Trade, Integration and Economic Development. The EU and Latin America

Springer Verlag

Lugar: Viena; Año: 2008; p. 325 - 350

We study regional income mobility in Argentina using data for the 1980 - 1998 period. The Hodrick-Prescott Filter allows us to disentangle the cyclical from the trend component in the series. Annual transition matrices are estimated but other time-spans are also taken into account: two, three, six, nine and eighteen years. An ergodic vector is obtained which points to an important degree of polarisation in the long-run. For the 1986-1998 period we obtain significantly different results because the long-run outcome now crucially depends on the initial conditions and, consequently, points to a much higher degree of polarisation. BMB:337.8 T 50053.