Alan King
Is Africa actually developing?
King, Alan; Ramlogan-Dobson, Carlyn
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.
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
Journal Article Type | Article |
---|---|
Acceptance Date | Sep 23, 2014 |
Online Publication Date | Oct 19, 2014 |
Publication Date | 2015-02 |
Deposit Date | May 15, 2019 |
Journal | World Development |
Print ISSN | 0305-750X |
Publisher | Elsevier |
Peer Reviewed | Peer Reviewed |
Volume | 66 |
Pages | 598-613 |
DOI | https://doi.org/10.1016/j.worlddev.2014.09.023 |
Keywords | Africa; Economic growth; Income convergence; Catching-up; Nonlinear trend; Fourier function |
Public URL | https://hull-repository.worktribe.com/output/1788066 |
Publisher URL | https://www.sciencedirect.com/science/article/pii/S0305750X14002885?via%3Dihub |
You might also like
Savings and the informal sector
(2020)
Journal Article
A gravity model of remittance determinants: evidence from Latin America and the Caribbean
(2016)
Journal Article
Is there club convergence in Latin America?
(2016)
Journal Article
International income convergence: Is Latin America actually different?
(2015)
Journal Article
Downloadable Citations
About Repository@Hull
Administrator e-mail: repository@hull.ac.uk
This application uses the following open-source libraries:
SheetJS Community Edition
Apache License Version 2.0 (http://www.apache.org/licenses/)
PDF.js
Apache License Version 2.0 (http://www.apache.org/licenses/)
Font Awesome
SIL OFL 1.1 (http://scripts.sil.org/OFL)
MIT License (http://opensource.org/licenses/mit-license.html)
CC BY 3.0 ( http://creativecommons.org/licenses/by/3.0/)
Powered by Worktribe © 2025
Advanced Search