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Income Convergence in Southern Africa: A Non-linear Time-Varying Coefficients Approach

Year: 2024

Type: article

Abstract: This article investigated income per capita convergence in the Southern African Development Community (SADC) over the period 1980-2017 in a non-linear time-varying coefficients framework. The findings of the study suggested no overall income convergence in the SADC region, but evidence supporting the existence of convergence clubs was found indicat- ing that the SADC comprises five convergence clusters, each converging to its own steady-state equilibrium. These findings suggest that, to pro- mote convergence in the region, policies that explicitly target ’low income’ countries are warranted.

Source: RePEc: Research Papers in Economics

DOI: 10.71587/e0brmc73

Author: Nzimande, Ntokozo

Institution: University of Cape Town

Language: English

Topic: Economic Growth and Productivity

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Reduced inequalities, Decent work and economic growth

Open Access status: green

OpenAlex ID: W6902648586

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