Are per capita incomes of MENA countries converging or diverging?
AbstractThis study considers the issue of income convergence among the MENA (Middle East and North African) countries by using real per capita incomes over the period 1950–2006. We employed (Kapetanios et al. 2003)  unit root test by incorporating an additive constant and a trend component as Chong et al. (2008)  did in their study and found most of the MENA countries diverging during the sample period.
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Bibliographic InfoArticle provided by Elsevier in its journal Physica A: Statistical Mechanics and its Applications.
Volume (Year): 389 (2010)
Issue (Month): 21 ()
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Convergence hypothesis; Conditional/deterministic convergence; “Catching up” process; Nonlinear unit root test; MENA countries;
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