Regional convergence in the human development index in Colombia

Abstract

<p>One of the basic concerns about the economic growth and development theory has been to determine whether the differences in the welfare and wealth levels between countries tend to diminish or disappear. Based on a comprehensive discussion on the theory of convergence, and taking into account the definitions and goals of human development, this paper intends, by applying the panel data econometric technique, to find the degree of regional convergence in Colombia, addressing the importance of disparities in the context of human development, arising as a key tool for a sustainable and widespread economic growth, which, aside from generating economic productivity, can contribute to reducing equity gaps. The focus of this research report is in the neoclassical guidelines, immersed in the multidimensional context of the human development index (HDI).</p>