Convergence of Per Capita GDP Across SAARC Countries

Khorshed Chowdhury ()
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Khorshed Chowdhury: University of Wollongong, http://business.uow.edu.au/econ/who/index.html

Economics Working Papers from School of Economics, University of Wollongong, NSW, Australia

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.

Keywords: Per Capita GDP; Convergence (search for similar items in EconPapers)
JEL-codes: C21 O18 (search for similar items in EconPapers)
Pages: 25 pages
Date: 2004
New Economics Papers: this item is included in nep-dev
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Citations: View citations in EconPapers (9)

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