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Is Swaziland on a path of convergence towards her main trading partners?

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  • Phiri, Andrew

Abstract

The Kingdom of Swaziland is a small, open economy which is heavily dependent on trade activity with neighboring and other industrialized countries. This study implements the recently-developed fractional frequency flexible Fourier form (FFFFF) unit root to examine the income convergence hypothesis for a dataset of per capita income differences between Swaziland and 5 of her main trading partners over a period of 1950 to 2016. With the exception of Japan, the empirical evidence indicates non-convergence of Swaziland towards her main trading partners.

Suggested Citation

  • Phiri, Andrew, 2018. "Is Swaziland on a path of convergence towards her main trading partners?," MPRA Paper 88790, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:88790
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    References listed on IDEAS

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    More about this item

    Keywords

    Income convergence; fractional frequency flexible Fourier form (FFFFF) unit root test; Swaziland.;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • C22 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes
    • E23 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Production

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