Article ID Journal Published Year Pages File Type
958184 Journal of Economics and Business 2006 15 Pages PDF
Abstract

This article examines the real convergence hypothesis in 43 African countries (both towards an African average and the U.S. economy) by means of using time series techniques. When applying unit root tests allowing for a structural break, we only find evidence of conditional convergence towards the U.S. economy for the case of Seychelles. When the catch-up hypothesis is analyzed, we find more evidence of convergence both towards the African average (Benin, Cameroon, Cape Verde, Djibouti, Egypt, Ghana, Kenya, Mali, Uganda and Zimbabwe) and towards the U.S. economy (Cape Verde, Egypt, Mauritius, Seychelles and Tunisia).

Related Topics
Social Sciences and Humanities Business, Management and Accounting Strategy and Management
Authors
, ,