Convergence and Divergence among Countries

Nasfi Fkili Wahiba

Asian Economic and Financial Review, 2015, vol. 5, issue 3, 510-520

Abstract: This paper focuses on the study of the conditional convergence hypothesis among African countries that belonging to the West African Economic and Monetary Union (WAEMU), More precisely, this paper treats even the effect of convergence, stability and growth pact on the convergence dynamics, by considering control variables comprising: the share of investment in gross domestic product the enrollment and the opening ratio, the study showed that these variables contribute to the revival of economic growth in the region. We use two estimation technique: within and system generalized method of moment, for the period 2000-2012. Similarly we give special attention to two streams of conflicting thoughts. The first is based on the positive impact generated by the opening on convergence of income among nations, while the second is almost contradictory to the one defined above, this current is called divergence or inequality between countries.

Keywords: Convergence; Divergence; Opening; Growth; Within; Africa. (search for similar items in EconPapers)
Date: 2015
References: Add references at CitEc
Citations: View citations in EconPapers (2)

Downloads: (external link)
https://archive.aessweb.com/index.php/5002/article/view/1356/1951 (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:asi:aeafrj:v:5:y:2015:i:3:p:510-520:id:1356

Access Statistics for this article

More articles in Asian Economic and Financial Review from Asian Economic and Social Society
Bibliographic data for series maintained by Robert Allen ().