The Impact of COVID-19 Pandemic on Economic Convergence Between Developed and Developing Nations

Lucile Sabas (), Williams Kwasi Peprah (), Carmelita Troy () and Quentin Sahly ()
Additional contact information
Lucile Sabas: Department of Accounting, Economics and Finance, School of Business Administration, Andrews University, USA
Williams Kwasi Peprah: Department of Accounting, Economics and Finance, School of Business Administration, Andrews University, USA
Carmelita Troy: Department of Accounting, Economics and Finance, School of Business Administration, Andrews University, USA
Quentin Sahly: Department of Accounting, Economics and Finance, School of Business Administration, Andrews University, USA

International Journal of Economics and Financial Issues, 2025, vol. 15, issue 2, 91-97

Abstract: This study investigates convergence between developed and developing countries' GDP during the pre-COVID-19 era (1960-2019) and post-COVID-19 era (2020-2023) using World Bank data and the Augmented Dickey-Fuller (ADF) test. For the pre-COVID period, results show no significant convergence, with an ADF statistic of -1.78 and a p-value of 0.39, likely due to disparities in industrialization and governance. Similarly, post-COVID results (ADF statistic -1.2, p-value 0.67) also suggest no convergence, possibly exacerbated by pandemic-related challenges. The study highlights that structural barriers and the pandemic have hindered economic convergence.

Keywords: Convergence Theory; Covid-19 Pandemic; Augmented Dickey-Fuller Test; Developing Countries; Developed Countries (search for similar items in EconPapers)
Date: 2025
References: Add references at CitEc
Citations:

Downloads: (external link)
https://econjournals.com/index.php/ijefi/article/download/17698/8577 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:eco:journ1:v:15:y:2025:i:2:id:17698

Ordering information: This journal article can be ordered from
https://econjournals.com/index.php/ijefi

DOI: 10.32479/ijefi.17698

Access Statistics for this article

More articles in International Journal of Economics and Financial Issues from International Journal of Economics and Financial Issues
Bibliographic data for series maintained by Monica Sinhat ().