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

Author

Listed:
  • REY, Serge

Abstract

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.

Suggested Citation

  • REY, Serge, 2005. "Convergence réelle et convergence nominale dans les Pays de la région MENA
    [Real and nominal convergence amongst MENA countries]
    ," MPRA Paper 30206, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:30206
    as

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    File URL: https://mpra.ub.uni-muenchen.de/30206/1/MPRA_paper_30206.pdf
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    References listed on IDEAS

    as
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    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Convergence; Clubs; Distribution Dynamics; Stochastic Kernel; MENA countries;

    JEL classification:

    • C16 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Econometric and Statistical Methods; Specific Distributions
    • C13 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General - - - Estimation: General
    • O47 - Economic Development, Innovation, Technological Change, and Growth - - Economic Growth and Aggregate Productivity - - - Empirical Studies of Economic Growth; Aggregate Productivity; Cross-Country Output Convergence
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • F43 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Economic Growth of Open Economies

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