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Income convergence dynamics in ASEAN and SAARC blocs


  • Sakiru Adebola Solarin
  • Elsadig Musa Ahmed
  • Jauhari Dahalan


This paper examines whether convergence of real income exists among the Association of South East Asian Nations (ASEAN) and South Asian Association for Regional Cooperation (SAARC) countries for the period covering 1970-2009. Univariate Lagrange Multiplier (LM) unit root tests with structural break(s) are employed to check for the incidence of stochastic convergence, which is necessary for conditional convergence as proposed in the neoclassical model. We further examine the presence of β-convergence, which is considered as the sufficient requirement for conditional convergence. Test results suggest convergence among ASEAN members, with the absence of convergence in SAARC member countries.

Suggested Citation

  • Sakiru Adebola Solarin & Elsadig Musa Ahmed & Jauhari Dahalan, 2014. "Income convergence dynamics in ASEAN and SAARC blocs," New Zealand Economic Papers, Taylor & Francis Journals, vol. 48(3), pages 285-300, December.
  • Handle: RePEc:taf:nzecpp:v:48:y:2014:i:3:p:285-300
    DOI: 10.1080/00779954.2013.874399

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    Cited by:

    1. Pui Sun Tam, 2018. "Economic Transition and Growth Dynamics in Asia: Harmony or Discord?," Comparative Economic Studies, Palgrave Macmillan;Association for Comparative Economic Studies, vol. 60(3), pages 361-387, September.
    2. Daly, Vince & Khan, Ghulam Yahya, 2016. "Growth Convergence and Convergence Clubs in SAARC," Economics Discussion Papers 2016-1, School of Economics, Kingston University London.

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