(2009-06) DINIZ, Marcelo Bentes; OLIVEIRA JÚNIOR, José Nilo de; FERREIRA, Roberto Tatiwa; PAIXÃO, Alex Sandro da
This paper is an analysis of the process of convergence of income between the municipalities of the Legal Amazonia in the period of 1980 to 2004, trying to identify the existence of clubs of convergence using a model threshold. Results indicated for the formation of six clubs of convergence, among them shows a process of convergence between the clubs extremes. In general, human capital proved to be significant in explaining the process of growth of the groups of municipalities richer. The results also indicated that the physical capital was significantly negative for explaining the process of economic growth of most clubs of convergence, demonstrating in this way, a negative role for public investment undertaken in the districts of the region.
