Details

Autor(en) / Beteiligte

• Charles, Amélie
• Ripoll-Bresson, Laetitia

Titel

Beta-Convergence in African Developing Countries: a Cliometric Approach

Ist Teil von

• Historical social research (Köln), 2002-01, Vol.27 (4 (102)), p.270-281

Ort / Verlag

Center for Historical Social Research / Zentrum für Historische Sozialforschung

Erscheinungsjahr

2002

Quelle

Alma/SFX Local Collection

Beschreibungen/Notizen

• This article investigates the beta-convergence for 39 African developing countries. We consider various time periods: the full sample (1960-2001 for growth rate, 1960-1999 for real inflation and nominal exchange rate), three subperiods based on economic shocks (the Bretton Woods breakdown in 1973 and the french franc devaluation in 1994, which affects strongly the CFA french countries) and finally four of the overall sample to ten-years interval. We observe that these countries converge, notably in growth, but also in inflation and in nominal exchange rate movements. In the perspective of a monetary union in West African countries, we include a dummy variable, results are improved, according to the period, African developing countries converge.