Regional and subregional analyses of macroeconomic policy strategies for growth and equality in Southern Africa

Dukhabandhu Sahoo, Diptimayee Mishra, Auro Sahoo (), Phendulwa Zikhona Makunga and Jayanti Behera

No wp-2020-176, WIDER Working Paper Series from World Institute for Development Economic Research (UNU-WIDER)

Abstract: We investigate the relevance of beta (β, absolute and conditional) and sigma (σ) convergence in the economies of the Common Monetary Area of Southern Africa and in the provinces of the Republic of South Africa using panel data, allowing an understanding of growth and inequality in the region. The region has experienced β- and σ-convergence; however, growth rates of per capita gross domestic product are low at aggregate and sectoral levels. At sectoral level, the performance of the tertiary sector is better than that of the primary and secondary sectors.

Keywords: Convergence; Growth; Inequality; Panel data; Southern Africa (search for similar items in EconPapers)
Date: 2020
New Economics Papers: this item is included in nep-mac
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