Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework

Yaya, OlaOluwa S. and Pui, Kiew Ling and Furuoka, Fumitaka and Rose Ezeoke, Chinyere Mary and Jacob, Ray Ikechukwu (2019) Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework. International Economics, 158. pp. 51-63. ISSN 2110-7017

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Official URL: https://doi.org/10.1016/j.inteco.2019.02.004

Abstract

West African countries have long promoted economic integration and income convergence. In recent trends, Nigeria has recorded the highest GDP per capita, and its neighbouring countries are yet to catch up with this economic growth. The paper examines the convergence of West African countries to catch up with Nigeria in terms of real per capita income. For the estimation, the paper employs fractional unit root approach to model simultaneously smooth breaks by means of flexible Fourier function in time. This approach is novel and has not been widely applied in the study of economic convergence across countries. The findings show that, while there is evidence of economic convergence and catching up in West Africa, only Ghana is likely to catch up with Nigeria in the region. As a policy recommendation, the West African countries should strengthen their human resource capacities through acquisition of relevant skills and technology transfers. This would promote income convergence and equitable economic growth. © 2019 CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy

Item Type: Article
Uncontrolled Keywords: Income convergence; Economic integration; West Africa; Nonlinear method
Subjects: H Social Sciences > HC Economic History and Conditions
Divisions: Faculty of Economics & Administration
Faculty of Law
Deputy Vice Chancellor (Academic & International) Office > Asia-Europe Institute
Depositing User: Ms. Juhaida Abd Rahim
Date Deposited: 27 Nov 2019 04:47
Last Modified: 27 Nov 2019 04:47
URI: http://eprints.um.edu.my/id/eprint/23111

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