Income Convergence in Developing Countries
AbstractThis paper investigates income convergence in 20 developing countries, including Algeria, Benin, Burkina Faso, Cameroon, Chad, Cote d'Ivoire, Gabon, Gambia, Indonesia, Malaysia, Mali, Morocco, Mozambique, Niger, Nigeria, Pakistan, Senegal, Togo, Turkey, and Uganda. This paper applies a battery of tests including the modified Dickey-Fuller, the Phillips-Perron, and the two-break minimum LM unit root procedures. The results suggest that the per capita income of each of the sample countries is stationary and therefore, mean-reverting. Most importantly, these results provide evidence in support of income convergence among the sample countries. Two important findings emerge from the study. First, contrary to the earlier studies on this issue, the present study finds evidence in support of income convergence among the sample developing countries. Second, the inability of most of the previous studies to find evidence in support of income convergence, especially among developing countries, can be attributed to their inability to account for structural breaks in the data.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoArticle provided by IUP Publications in its journal The IUP Journal of Applied Economics.
Volume (Year): VI (2007)
Issue (Month): 6 (November)
Contact details of provider:
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (G R K Murty).
If references are entirely missing, you can add them using this form.