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Is Swaziland on a path of convergence towards her main trading partners?

Andrew Phiri

No 1830, Working Papers from Department of Economics, Nelson Mandela University

Abstract: The Kingdom of Swaziland is a small, open economy which is heavily dependent on trade activity with neighboring and other industrialized countries. This study implements the recently-developed fractional frequency flexible Fourier form (FFFFF) unit root to examine the income convergence hypothesis for a dataset of per capita income differences between Swaziland and 5 of her main trading partners over a period of 1950 to 2016. With the exception of Japan, the empirical evidence indicates non-convergence of Swaziland towards her main trading partners.

Keywords: Income convergence; fractional frequency flexible Fourier form (FFFFF) unit root test; Swaziland. (search for similar items in EconPapers)
JEL-codes: C21 C22 E23 (search for similar items in EconPapers)
Pages: 10 pages
Date: 2018-09
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http://repec.mandela.ac.za/RePEc/mnd/wpaper/paper.1830.pdf First version, 2018 (application/pdf)
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