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

Ntokozo Nzimande ()
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Ntokozo Nzimande: University of Cape Town

No 62, ERSA Working Paper Series from Economic Research Southern Africa

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)
JEL-codes: C1 E13 O40 (search for similar items in EconPapers)
Date: 2024-09
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Published in ERSA Working Paper Series, September 2024

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