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Periodical article Periodical article Leiden University catalogue Leiden University catalogue WorldCat catalogue WorldCat
Title:Economic Integration and Convergence of Per Capita Income in West Africa
Author:Jones, Basil
Year:2002
Periodical:African Development Review
Volume:14
Issue:1
Period:June
Pages:18-47
Language:English
Geographic term:West Africa
Subjects:ECOWAS
national accounts
Economics and Trade
Inter-African Relations
External link:https://onlinelibrary.wiley.com/doi/10.1111/1467-8268.00044/pdf
Abstract:Economic cooperation at the regional and sub-regional level has been an important feature of the economic development policies of developing countries. The Economic Community of West African States (ECOWAS) was established in 1975 with a view, inter alia, to promote economic cooperation and integration in West Africa. This paper examines whether there has been a robust and systematic tendency for income levels to converge within a group of ECOWAS countries with similar key macroeconomic characteristics. It analyses the two key measures of convergence as used in classical literature. The results show that ECOWAS countries form a convergence club, that is, the tendency for per capita income to convergence and a diminution of the standard deviation of per capita income over time. Bibliogr., notes, ref., sum. in English and French.
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