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Is Africa actually developing?

King, Alan; Ramlogan-Dobson, Carlyn

Authors

Alan King



Abstract

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.

Journal Article Type Article
Publication Date 2015-02
Journal World Development
Print ISSN 0305-750X
Publisher Elsevier
Peer Reviewed Peer Reviewed
Volume 66
Pages 598-613
APA6 Citation 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
DOI https://doi.org/10.1016/j.worlddev.2014.09.023
Keywords Africa; Economic growth; Income convergence; Catching-up; Nonlinear trend; Fourier function
Publisher URL https://www.sciencedirect.com/science/article/pii/S0305750X14002885?via%3Dihub
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