Regional economic convergence: The case of the Colombian Departments

This document analyzes the problems of the departmental convergence in Colombia between the periods of 1975-2005. A study does not exist where there shows the possible formation of clubs or groups of convergence at departmental level. For that is proposed the estimation of convergence equation with individual effect fixed, calculating stationary state from equilibrium to each department to pay attention to valor of this individual effect fixed and to define convergence clubs to pay attention the similarity of each stationary state. Among the main findings we can mention the following: there exists evidence to suggest a process of formation of four regional clubs characterized by similar economic factors. The first two groups make up the most developed departments, while the last two make up poorest regions.