REGIONAL CONVERGENCE IN NORTH AFRICA REGIONS : PARAMETRIC AND NON PARAMETRIC APPROACHES

International Journal of Business and Social Science Research (IJBSSR)

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Field Value
 
Title REGIONAL CONVERGENCE IN NORTH AFRICA REGIONS : PARAMETRIC AND NON PARAMETRIC APPROACHES
 
Creator HAZEM, Mohamed
 
Subject North Africa
growth
convergence
spatial econometrics
Markov chain
 
Description Attention to issues of inequality and convergence has become a topic of considerable interest in both developing and developed economies. The purpose of this paper is to study empirically the evolution of the disparities between more than 360 Maghreb regions considering spatial dependence and to explore a non-parametric approach for characterizing convergence of GDP per capita. This study utilizes growth theory as the theoretical foundation to explore the convergence hypothesis. The methodology consists of identifying the shape of the long-run spatial associations through the use of Markov chains which make it possible to derive a unique stationary distribution related to the transition matrix. The results of the analysis indicate the persistence of regional disparities and the importance of geography to explain the global convergence process with positive spatial spillover effects. The proportion of high-income regions surrounded by similar regions has significantly increased detrimentally to the other spatial associations. This non-parametric approach complements the standard parametric method (absolute and conditional beta-convergence) which shows that the slow convergence process can be accelerated by beneficial spatial interaction effects. These results have strong policy implications with regard to national and territorial policies in these countries.
 
Publisher The Institute of Academic Research and Publication (IARP)
 
Date 2021-01-13
 
Type info:eu-repo/semantics/article
info:eu-repo/semantics/publishedVersion
Peer-reviewed Article
 
Format application/pdf
 
Identifier https://ijbssrnet.com/index.php/ijbssr/article/view/39
10.47742/ijbssr.v2n1p2
 
Source International Journal of Business and Social Science Research; Vol. 2 No. 1 (2021): January; 13-19
2709-2143
 
Language eng
 
Relation https://ijbssrnet.com/index.php/ijbssr/article/view/39/44
 
Rights https://creativecommons.org/licenses/by-sa/4.0
 

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