International Journal of Applied Research
Vol. 3, Issue 10, Part B (2017)
Macroeconomic convergence in the SADC: Evidence on beta and sigma convergence
This paper examined the prospects for the SADC regional integration by assessing the convergence of real per capita GDP given structural differences across the countries (Conditional beta convergence), and the possibility of reductions in income dispersions across the SADC member states (Sigma convergence). The study also analyzed the real GDP growth. The study finds convergence in the level and growth of real per capita GDP and GDP, based on fixed effects, maximum likelihood estimations, and Cointegration analysis.
How to cite this article:
Maximilian Mainza. Macroeconomic convergence in the SADC: Evidence on beta and sigma convergence. International Journal of Applied Research. 2017; 3(10): 122-128.