Real convergence in Africa in the second-half of the 20th century

Journal of Economics and Business

Volumn 58, Issue 2, 2006, Pages 153-167

  Cunado J ^a   Perez de Gracia F ^a  

^a UNIVERSITY OF NAVARRA   (Spain)

Author keywords

Africa; Real convergence; Unit root tests

Indexed keywords

EID: 32544461741     PISSN: 01486195     EISSN: None     Source Type: Journal    
DOI: 10.1016/j.jeconbus.2005.07.002     Document Type: Article

References (52)

1. R. Barro Economic growth in a cross section of countries Quarterly Journal of Economics 106 1991 407-443
2. R. Barro X. Sala-i-Martin Convergence across states and regions Brookings Papers of Economic Activity 1 1991 107-182
3. R. Barro X. Sala-i-Martin Convergence Journal of Political Economy 100 1992 223-251
4. R. Barro X. Sala-i-Martin Economic growth 1995 McGraw Hill New York
5. W.J. Baumol Productivity growth, convergence, and welfare: What the long-run data show American Economic Review 76 1986 1072-1085
6. Bernard, A. B. (1991). Empirical implications of the convergence hypothesis. Working paper. Stanford University: Center for Economic Policy Research.
7. A.B. Bernard S.N. Durlauf Convergence in international output Journal of Applied Econometrics 10 1995 97-108
8. A.B. Bernard S.N. Durlauf Interpreting tests of the convergence hypothesis Journal of Econometrics 71 1996 161-173
9. G. Bertocchi F. Canova Did colonization matter for growth? An empirical exploration into the historical causes of Africa's underdevelopment European Economic Review 46 2002 1851-1873
10. S.A. Block Does Africa grow differently? Journal of Development Economic 65 2001 443-467
11. D.E. Bloom J.D. Sachs Geography, demography, and economic growth in Africa Brookings Papers on Economic Activity 1998 207-273
12. J.Y. Campbell N.G. Mankiw International evidence on the persistence of economic fluctuations Journal of Monetary Economics 23 1989 319-333
13. G.A. Carlino L.O. Mills Are U.S. regional incomes converging? A time series analysis Journal of Monetary Economics 32 1993 335-346
14. R. Cellini A. Scorcu Segmented stochastic convergence across the G-7 countries Empirical Economics 25 2000 463-474
15. L.J. Christiano Searching for breaks in GNP Journal of Business and Economic Statistics 10 1992 237-250
16. T. Cogley International evidence on the size of the random walk in output Journal of Political Economy 98 1990 501-518
17. P. Collier J.W. Gunning Why has Africa grown slowly? Journal of Economic Perspectives 13 1999 3-22
18. P. Collier J.W. Gunning Explaining African economic performance Journal of Economic Literature 37 1999 64-111
19. J.B. DeLong Productivity growth, convergence and welfare: Comment American Economic Review 78 1988 1138-1154
20. D.A. Dickey W.A. Fuller Distribution of the estimators for autoregressive time series with a unit root Journal of the American Statistical Association 74 1979 427-431
21. D.A. Dickey W.A. Fuller Likelihood ratio statistics for autoregressive time series with a unit root Econometrica 49 1981 1057-1082
22. S. Dowrick D.T. Nguyen OECD comparative economic growth 1950-1985: Catch-up and convergence American Economic Review 79 1989 1010-1030
23. W. Easterly R. Levine Africa's growth tragedy: Policies and ethnic divisions Quarterly Journal of Economics 112 1997 1203-1250
24. W. Easterly R. Levine Troubles with the neighbours: Africa's problem, Africa's opportunity Journal of African Economies 7 1998 120-142
25. P. Evans G. Karras Convergence revisited Journal of Monetary Economics 37 1996 249-265
26. Freeman, R. B., & Lindauer, D. L. (1999). Why not Africa? NBER working paper no. 6942.
27. D. Greasly S. Oxley Time-series based tests of the convergence hypothesis: Some positive results Economic Letters 56 1997 143-147
28. K.B. Grier G. Tullock An empirical analysis of cross-national economic growth: 1951-1980 Journal of Monetary Economics 24 1989 259-276
29. J. Lee M.C. Strazicich Break point estimation and spurious rejections with endogenous unit root tests Oxford Bulletin of Economics and Statistics 63 2001 535-558
30. J. Lee M.C. Strazicich Minimum LM unit root test with two structural breaks Review of Economics and Statistics 85 2003 1082-1089
31. Lee, J., & Strazicich, M. C. (2004). Minimum LM unit root test with one structural break. Working paper 0417. University of Alabama: Department of Economics.
32. Q. Li D. Papell Convergence of international output: Time series evidence for 16 OECD countries International Review of Economics and Finance 8 1999 1082-1089
33. R. Lucas On the mechanics of economic development Journal of Monetary Economics 22 1988 3-41
34. A. Maddison The world economy: A millennial perspective 2001 OECD Paris
35. G. Mankiw P. Romer D.N. Weil A contribution to the empirics of economic growth Quarterly Journal of Economics 107 1992 407-437
36. M.L. Nieswiadomy M.C. Strazicich Are political freedoms converging? Economic Inquiry 42 2004 323-340
37. L. Nunes P. Newbold C. Kuan Testing for unit roots with breaks: Evidence on the great crash and the unit root hypothesis reconsidered Oxford Bulletin of Economics and Statistics 57 1997 435-448
38. L. Oxley D. Greasley A time-series perspective on convergence: Australia, U.K., and U.S. since 1870 The Economic Record 71 1995 259-270
39. P. Perron The great crash, the oil price shock and the unit root hypothesis Econometrica 57 1989 1346-1401
40. P. Perron Further evidence on persistence on breaking trend functions in macroeconomic variables Journal of Econometrics 80 1997 355-385
41. P. Perron T.J. Vogelsang Nonstationarity and level shifts with an application to purchasing power parity Journal of Business and Economic Statistics 10 1992 301-320
42. P.C.B. Phillips P. Perron Testing for a unit root in a time series regression Biometrika 75 1988 335-346
43. L. Pritchett Understanding patterns of economic growth: Searching for hills among plateaus, mountains and plains World Bank Economic Review 14 2000 221-250
44. D. Quah Galton's Fallacy and the tests of the convergence hypothesis Scandinavian Journal of Economics 95 1993 427-443
45. P. Romer Increasing returns and long-run growth Journal of Political Economy 94 1986 1002-1037
46. Sala-i-Martin, X. (2002). The world distribution of income (estimated from individual country distributions). NBER working paper no. 8933.
47. P. Schmidt P.C.B. Phillips LM tests for a unit root in the presence of deterministic trends Oxford Bulletin of Economics and Statistics 54 1992 257-287
48. R.M. Solow A contribution to the theory of economic growth Quarterly Journal of Economics 70 1956 65-94
49. M. St. Aubyn Convergence across industrialised countries (1890-1989): New results using time series methods Empirical Economics 24 1999 23-44
50. M.C. Strazicich J. Lee E. Day Are incomes converging among OECD countries? Time series evidence with two structural breaks Journal of Macroeconomics 26 2004 131-145
51. M. Tomljanovich T.J. Vogelsang Are US regions converging? Using new econometric methods to examine old issues Empirical Economics 27 2002 49-62
52. E. Zivot D.W.K. Andrews Further evidence on the great crash, the oil price shock and the unit root hypothesis Journal of Business and Economic Statistics 10 1992 251-270