Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/286248 
Title (translated): 
Economic convergence in OPEC: 1970-2017
Year of Publication: 
2021
Citation: 
[Journal:] Revista de Métodos Cuantitativos para la Economía y la Empresa [ISSN:] 1886-516X [Volume:] 32 [Year:] 2021 [Pages:] 175-213
Publisher: 
Universidad Pablo de Olavide, Sevilla
Abstract (Translated): 
Studies in economic growth have focused on the convergence hypothesis for regions, territories and groups of countries. The main idea is that on the long run, the poorer regions would catch up to the richer in terms of Gross Domestic Product Per Capita. This paper analyses the economic convergence in the Organization of Petroleum Exporting Countries (OPEC), not considered in studies related to the organization, which offers an expanded view on the matter. Utilizing an estimation and panel data analysis for the period 1970-2017, it indicates whether the gaps between countries belonging to the block have tended to be reduced or widened, and for this, an econometric model based on the literature is developed, with different equations, periods, variables and set of countries within the OPEC. The results mainly show convergence and the formation of convergence clubs between these economies, and a growth dynamic determined by human capital and physical capital.
Subjects: 
data panel models
economic growth
empirical convergence studies
JEL: 
C23
F43
O47
Persistent Identifier of the first edition: 
Creative Commons License: 
cc-by-sa Logo
Document Type: 
Article

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