Persistence of the Misery Index in African Countries
Luis Gil-Alana () and
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Carmen Lafuente: University Francisco de Vitoria
Social Indicators Research: An International and Interdisciplinary Journal for Quality-of-Life Measurement, 2020, vol. 147, issue 3, No 6, 825-841
Abstract This paper deals with the analysis of the misery index in a group of 55 African countries by using fractional integration or I(d) techniques. In doing so, we can measure the degree of persistence of the index in a more flexible way than with other methods that simply use integer degrees of differentiation (zero or one). Our results indicate a large degree of heterogeneity across the countries, with some showing short memory behaviour (d = 0); others long memory mean reverting behaviour (0
Keywords: Misery index; Fractional integration; Persistency; African countries (search for similar items in EconPapers)
JEL-codes: B55 C49 N37 (search for similar items in EconPapers)
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