Template-Type: ReDIF-Paper 1.0
Author-Name: Juan Carlos Cuestas
Author-Name: Javier Ordóñez 
Title: Testing for convergence among Mercosur countries 
Abstract: The aim of this paper is to analyse the existence of price convergence
in Mercosur. Two variables are considered, Consumer Price
Indices to assess convergence in the goods and services markets and
real interest rates, to analyse convergence in the money markets. The
univariate analysis points only to convergence in real interest rates,
whilst the multivariate analysis provides evidence of common trends
in both markets.
File-URL: http://www.ntu.ac.uk/__data/assets/pdf_file/0007/310300/Testing-for-price-convergence-among-mercosur-countries.pdf
File-Format: Application/pdf
File-Function: First version, 2007
Creation-Date:  2007-05
Classification-JEL: C32, F15
Keywords: Mercosur, economic integration, unit roots, nonlinearities, co-trending.
Handle: RePEc:nbs:wpaper:2007/1