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

Ntokozo Nzimande ()

ERSA Working Paper Series, 2021

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.

Keywords: Income; convergence (search for similar items in EconPapers)
Date: 2021
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Persistent link: https://EconPapers.repec.org/RePEc:rza:ersawp:v::y:2021:i::id:62

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