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Persistent link: https://www.econbiz.de/10009722973
We investigate the nonlinear convergence of African economies as well as whether being stuck in a poverty trap. The former is explored by a modified KSS nonlinear unit root test in order to discriminate long-run converging from catching up, whereas the later is analyzed by both parametric and...
Persistent link: https://www.econbiz.de/10013066078