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Income convergence in Southern Africa: A non-linear time-varying coefficients framework

14 April 2021
Publication Type: Working Paper
JEL Code: C1, E13, E2, O40, O41, R3

This article investigated income per capita convergence in the Southern African Development Community (SADC) over the period 1980-2017 in a non-linear time-varying coefficients framework. The findings of the study suggested no overall income convergence in the SADC region, but evidence supporting the existence of convergence clubs was found indicating that the SADC comprises five convergence clusters, each converging to its own steady-state equilibrium. These findings suggest that, to promote convergence in the region, policies that explicitly target ‘low-income’ countries are warranted.

Series title: Working paper 858
1 April 2021
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