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Convergence of Per Capita GDP Across SAARC Countries

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Abstract

In this paper we have examined the issue of convergence of per capita GDP across 7 South Asian countries during 1960-2000 using World Bank data. Empirical results failed to find evidence of s convergence, b convergence and conditional b (bc) convergence in South Asia. The reasons for non-convergence of per capita GDP can be explained by low and falling volume of intra-country trade, weak governance and low level of growth achieved by the individual countries. Further, non-convergence can be attributed to explanations provided by endogenous growth models.

Suggested Citation

  • Chowdhury, Khorshed, 2004. "Convergence of Per Capita GDP Across SAARC Countries," Economics Working Papers wp04-07, School of Economics, University of Wollongong, NSW, Australia.
  • Handle: RePEc:uow:depec1:wp04-07
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    File URL: http://www.uow.edu.au/content/groups/public/@web/@commerce/@econ/documents/doc/uow012167.pdf
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    Cited by:

    1. Naved Ahmad, 2008. "Corrupt clubs and the convergence hypothesis," Journal of Economic Policy Reform, Taylor & Francis Journals, vol. 11(1), pages 21-28.

    More about this item

    Keywords

    Per Capita GDP; Convergence;

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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