Ranjbar, Omid; Lee, Chien-Chiang; Chang, Tsangyao; … - In: South African Journal of Economics 82 (2014) 3, pp. 371-391
This paper examines the catching-up (stochastic convergence in real per capita income) hypothesis for 52 African countries with respect to the USA. over the 1969-2011 period, using a highly flexible stationarity test. The empirical results show (i) that all African countries experienced at least...