Convergence Clubs in the Brazilian Beef Market

The share of livestock in the Gross Domestic Product (GDP) Brazilian agribusiness has considerable relevance country's economy. Specifically, work tests hypothesis convergence and/or formation price clubs each state, taking into account possible technological differences existing among Brazil’s different regions. Data from 12 states, 2004 to 2021, is used. methodology time series analysis, as featured Phillips & Sul (2007). In club convergence, it observed that economies with similar initial conditions and identical structural characteristics, prices converge same long-term level. And, this specific case, was identify only one club, where all states follow pattern.