Convergence or Divergence in and between Developing Regions?

Harald V. Proff

Chapter 13 in Africa and Asia in Comparative Economic Perspective, 2001, pp 243-257 from Palgrave Macmillan

Abstract: Abstract Convergence or divergence in and between developing regions in Africa, Asia and Latin America is an important issue in the present convergence debate.1 This paper analyses the intra- and inter-regional similarities and differences among developing countries in the main integration arenas AFTA, SADC and MERCOSUR, to evaluate the question whether regional integration will lead to strong inequality in and between these regions and to prove the relevance of comparing aggregated geographical units like ‘Africa’ or ‘Asia’. Convergence is understood as a faster per capita growth of poor economies than of richer ones according to the neoclassical assumption of diminishing returns to capital (cf. Barro and Sala-i-Martin, 1992: 226). The divergence assumption rejects the inverse relationship of per capita growth and the starting level of output due to the availability of technological progress.

Keywords: Capita Income; Total Factor Productivity; Regional Integration; Multinational Enterprise; Partner Country (search for similar items in EconPapers)
Date: 2001
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-1-4039-0540-6_13

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DOI: 10.1057/9781403905406_13

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