Does the real GDP per capita convergence hold in the Common Market for Eastern and Southern Africa?

Amélie Charles, Olivier Darné and Hoarau, Jean-François
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Amélie Charles: Audencia Nantes, School of Management - Audencia, School of Management
Hoarau, Jean-François: CERESUR - Université de la Réunion

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Abstract: This article examines the convergence of real GDP per capita in the Common Market for Eastern and Southern Africa (COMESA) during the period 1950-2003. Income departures across countries were evaluated from several panel data unit root tests, especially we consider the absolute and conditional convergence. We find no evidence supporting the existence of convergence process for the income in the COMESA. Nevertheless, applying economic development criterion allows to identity two absolute convergence clubs into the COMESA, one for the most four developed countries (Egypt, Libya, Mauritius, Seychelles), and one other for the fourteen less developed ones. Thus, we show that most economies of COMESA are locked into a sustained poverty trap process.

New Economics Papers: this item is included in nep-afr
Date: 2009
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