کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
13462563 1845358 2019 13 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد، اقتصادسنجی و مالیه (عمومی)
پیش نمایش صفحه اول مقاله
Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework
چکیده انگلیسی
West African countries have long promoted economic integration and income convergence. In recent trends, Nigeria has recorded the highest GDP per capita, and its neighbouring countries are yet to catch up with this economic growth. The paper examines the convergence of West African countries to catch up with Nigeria in terms of real per capita income. For the estimation, the paper employs fractional unit root approach to model simultaneously smooth breaks by means of flexible Fourier function in time. This approach is novel and has not been widely applied in the study of economic convergence across countries. The findings show that, while there is evidence of economic convergence and catching up in West Africa, only Ghana is likely to catch up with Nigeria in the region. As a policy recommendation, the West African countries should strengthen their human resource capacities through acquisition of relevant skills and technology transfers. This would promote income convergence and equitable economic growth.
ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: International Economics - Volume 158, August 2019, Pages 51-63
نویسندگان
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