Economic Convergence in Michoacán: A municipal and regional analysis 1990-2010
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This study explores whether the poorest municipalities in Michoacán managed to economically catch up with the wealthier ones between 1990 and 2010. Based on neoclassical economic growth theory and the Solow model, data were analyzed to detect signs of income convergence. The results show that although there were some periods in which lower-income municipalities grew faster, overall the trend was uneven and slow. Regional income gaps persist, and in many cases, they even widened. This suggests that economic growth alone is not enough to close these disparities. Therefore, a deeper approach is proposed: the application of extended growth models that consider factors such as local investment, education, human capital, and stronger institutions. In summary, reducing inequality between municipalities is not only an economic challenge, but also an urgent task of social justice and strategic planning.
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Main Article Content
This study explores whether the poorest municipalities in Michoacán managed to economically catch up with the wealthier ones between 1990 and 2010. Based on neoclassical economic growth theory and the Solow model, data were analyzed to detect signs of income convergence. The results show that although there were some periods in which lower-income municipalities grew faster, overall the trend was uneven and slow. Regional income gaps persist, and in many cases, they even widened. This suggests that economic growth alone is not enough to close these disparities. Therefore, a deeper approach is proposed: the application of extended growth models that consider factors such as local investment, education, human capital, and stronger institutions. In summary, reducing inequality between municipalities is not only an economic challenge, but also an urgent task of social justice and strategic planning.