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Convergence réelle et convergence nominale dans les Pays de la région MENA
[Real and nominal convergence amongst MENA countries]

  • REY, Serge

We study the processes of real convergence (per-capita GDP, period 1950-2005) and of nominal convergence (inflation rate, period 1973-2005) for a sample of MENA countries. Using the methods of dynamic analysis based on transition matrices (Markov processes) and stochastic kernels, we show that there is not had a global real convergence process, but rather convergence clubs. Conversely, a convergence process of inflation rates is verified. Finally, we note that the speed of convergence of inflation rates is at twice as fast as the speed of convergence of the per-capita GDP.

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Paper provided by University Library of Munich, Germany in its series MPRA Paper with number 30206.

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Date of creation: Sep 2005
Date of revision:
Handle: RePEc:pra:mprapa:30206
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  1. Xavier Sala-i-Martin, 1994. "Regional cohesion: Evidence and theories of regional growth and convergence," Economics Working Papers 104, Department of Economics and Business, Universitat Pompeu Fabra.
  2. Quah, Danny, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," CEPR Discussion Papers 1355, C.E.P.R. Discussion Papers.
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  10. Crawford, Jo-Ann & Fiorentino, Roberto V., 2005. "The changing landscape of regional trade agreements," WTO Discussion Papers 8, World Trade Organization (WTO), Economic Research and Statistics Division.
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  13. Venables, Anthony J., 1999. "Regional integration agreements - a force for convergence or divergence?," Policy Research Working Paper Series 2260, The World Bank.
  14. Sanghamitra Bandyopadhyay, 2010. "Convergence Club Empirics: Some Dynamics and Explanations of Unequal Growth across Indian States," Working Papers id:3197, eSocialSciences.
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  18. Danny Quah, 1996. "Twin Peaks: Growth and Convergence in Models of Distribution Dynamics," CEP Discussion Papers dp0280, Centre for Economic Performance, LSE.
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  23. Athanasios Vamvakidis, 1999. "Regional Trade Agreements or Broad Liberalization: Which Path Leads to Faster Growth?," IMF Staff Papers, Palgrave Macmillan, vol. 46(1), pages 3.
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