African Development: Beyond Income Convergence

Simplice Asongu

No 12/002, Working Papers of the African Governance and Development Institute. from African Governance and Development Institute.

Abstract: In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 homogenous panels based on regions (Sub-Saharan and North Africa), income-levels (low, middle, lower-middle and upper-middle), legal-origins (English common-law and French civil-law) and religious dominations (Christianity and Islam). The main finding is that the income component of the human development index moves slower than others in the convergence process and thus requires a more focused policy intervention. As a policy implication, looking beyond income convergence can provide a concrete agenda for development involving all aspects of economic, institutional and social life.

Keywords: Human development; Growth; Convergence; Panel; Africa (search for similar items in EconPapers)
JEL-codes: O11 O20 O47 O55 P52 (search for similar items in EconPapers)
Pages: 37
Date: 2012-01-19
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (3)

Published in the South African Journal of Economics

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http://www.afridev.org/RePEc/agd/agd-wpaper/Africa ... come-Convergence.pdf Revised version, 2013 (application/pdf)

Related works:
Journal Article: African Development: Beyond Income Convergence (2014)
Working Paper: African Development: Beyond Income Convergence (2012)
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Persistent link: https://EconPapers.repec.org/RePEc:agd:wpaper:12/002

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