@workingpaper{Asongu2012b_29,
title = {African Development: Beyond Income Convergence},
author = {Simplice A Asongu},
editor = {African 2012 Governance and Development Institute WP/12/002},
url = {http://www.afridev.org/RePEc/agd/agd-wpaper/African-Development.-Beyond-Income-Convergence.pdf},
year = {2012},
date = {2012-01-01},
abstract = {In examining some big questions on African development, we provide evidence that
dynamics of some development indicators could support both endogenous and neoclassical
growth theories in the convergence debate. This paper investigates convergence in real per
capita GDP and inequality adjusted human development in 38 African countries, disaggregated
into 10 homogenous panels based on regions (Sub-Saharan and North Africa), income-levels
(low, middle, lower-middle and upper-middle), legal-origins (English common-law and French
civil-law) and religious dominations (Christianity and Islam). The main finding is that the
income component of the human development index moves slower than others in the
convergence process and thus requires a more focused policy intervention. As a policy
implication, looking beyond income convergence can provide a concrete agenda for
development involving all aspects of economic, institutional and social life.},
keywords = {Human development; Growth; Convergence; Panel; Africa},
pubstate = {published},
tppubtype = {workingpaper}
}