ECONOMIC CONVERGENCE WITHIN THE MENA COUNTRIES: NEW FINDINGS

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RANJBAR O.; ELMI Z.

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Journal: NAMEH-YE-MOFID Year:2008 | Volume:14 | Issue:1 (66 ECONOMICS) Page(s): 49-68

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Title

ECONOMIC CONVERGENCE WITHIN THE MENA COUNTRIES: NEW FINDINGS

Author(s)

RANJBAR O. | ELMI Z.

Keywords

SOLOW-SWAN NEOCLASSICAL ECONOMIC GROWTHQ3

CONVERGENCE HYPOTHESISQ3

CLUB CONVERGENCE HYPOTHESISQ3

MIDDLE EAST AND NORTH AFRICAQ3

PANEL DATAQ3

Abstract

This article is not included in your organization's subscription. However, you may be able to access this article under your organization's agreement with Elsevier.Convergence hypothesis implies that the per capita income growth rate of poor countries is higher than the rich countries. Therefore, income inequality will be decreased in transition process.This article aims at testing the club CONVERGENCE HYPOTHESIS in MENA region during 1970-2003. We use b convergence and s convergence (or distributed) models.Our estimation results show that the income inequality decreased during 1970-2003. Even though such decreasing was not evenly distributed. Also, in estimating b convergence model, the coefficient of threshold dummy variable shows that per capita income in MENA region is separated in to two groups. Therefore, the club CONVERGENCE HYPOTHESIS is not rejected in MENA countries.By using PANEL DATA method, we estimate TFP in MENA region for decades of 1970,s, 1980,s and 1990,s. The results show two income groups appear in MENA. As Quah, TFP separating is one of the most important club convergences.

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APA: Copy

ELMI, Z., & RANJBAR, O.. (2008). ECONOMIC CONVERGENCE WITHIN THE MENA COUNTRIES: NEW FINDINGS. NAMEH-YE-MOFID, 14(1 (66 ECONOMICS)), 49-68. SID. https://sid.ir/paper/3483/en

Vancouver: Copy

ELMI Z., RANJBAR O.. ECONOMIC CONVERGENCE WITHIN THE MENA COUNTRIES: NEW FINDINGS. NAMEH-YE-MOFID[Internet]. 2008;14(1 (66 ECONOMICS)):49-68. Available from: https://sid.ir/paper/3483/en

IEEE: Copy

Z. ELMI, and O. RANJBAR, “ECONOMIC CONVERGENCE WITHIN THE MENA COUNTRIES: NEW FINDINGS,” NAMEH-YE-MOFID, vol. 14, no. 1 (66 ECONOMICS), pp. 49–68, 2008, [Online]. Available: https://sid.ir/paper/3483/en

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