This paper provides empirical evidence that there is no absolute convergence between the GDP per capita of the developing countries since 1950. Relying upon recent econometric methodologies (nonstationary long-memory models, wavelet models and time-varying factor representation models), we show...

This paper is an empirical study suggesting that poor governance and weak institutions may be part of the explanations to the low performance of the Economic Community of West African States (ECOWAS) in terms of per-capita GDP. We use a beta-convergence model that includes governance indicators,...