Is Africa actually developing?
King, Alan; Ramlogan-Dobson, Carlyn
Dr Carlyn Dobson Carlyn.Dobson@hull.ac.uk
Reader in Economics
The results of previous time-series studies of the income convergence hypothesis indicate that practically no African economies are systematically closing their income gap with the rich world. This implies that almost the entire continent is not ‘developing’ in the literal sense of the term. We argue that this finding reflects the assumptions of the discrete-break unit-root tests previously employed and the sample period chosen. We re-assess the hypothesis for 43 African economies using Fourier-type unit-root tests and find that as many as 18 are currently catching-up with the US. However, most only began to do so after the mid-1990s.
King, A., & Ramlogan-Dobson, C. (2015). Is Africa actually developing?. World Development, 66, 598-613. https://doi.org/10.1016/j.worlddev.2014.09.023
|Journal Article Type||Article|
|Acceptance Date||Sep 23, 2014|
|Online Publication Date||Oct 19, 2014|
|Deposit Date||May 15, 2019|
|Peer Reviewed||Peer Reviewed|
|Keywords||Africa; Economic growth; Income convergence; Catching-up; Nonlinear trend; Fourier function|
You might also like
A gravity model of remittance determinants: evidence from Latin America and the Caribbean
Is there club convergence in Latin America?
International income convergence: Is Latin America actually different?
Why is corruption less harmful to income inequality in Latin America?