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Persistence of the Misery Index in African Countries

Author

Listed:
  • Sakiru Adebola Solarin

    (Multimedia University)

  • Luis A. Gil-Alana

    (University of Navarra)

  • Carmen Lafuente

    (University Francisco de Vitoria)

Abstract

This paper deals with the analysis of the misery index in a group of 55 African countries by using fractional integration or I(d) techniques. In doing so, we can measure the degree of persistence of the index in a more flexible way than with other methods that simply use integer degrees of differentiation (zero or one). Our results indicate a large degree of heterogeneity across the countries, with some showing short memory behaviour (d = 0); others long memory mean reverting behaviour (0

Suggested Citation

  • Sakiru Adebola Solarin & Luis A. Gil-Alana & Carmen Lafuente, 2020. "Persistence of the Misery Index in African Countries," Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, Springer, vol. 147(3), pages 825-841, February.
    • Handle: RePEc:spr:soinre:v:147:y:2020:i:3:d:10.1007_s11205-019-02184-y
    DOI: 10.1007/s11205-019-02184-y
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    More about this item

    Keywords

    Misery index; Fractional integration; Persistency; African countries;
    All these keywords.

    JEL classification:

    • B55 - Schools of Economic Thought and Methodology - - Current Heterodox Approaches - - - Social Economics
    • C49 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods: Special Topics - - - Other
    • N37 - Economic History - - Labor and Consumers, Demography, Education, Health, Welfare, Income, Wealth, Religion, and Philanthropy - - - Africa; Oceania

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