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Regional and subregional analyses of macroeconomic policy strategies for growth and equality in Southern Africa

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  • Dukhabandhu Sahoo
  • Diptimayee Mishra
  • Auro Kumar Sahoo
  • Phendulwa Zikhona Makunga
  • Jayanti Behera

Abstract

We investigate the relevance of beta (β, absolute and conditional) and sigma (σ) convergence in the economies of the Common Monetary Area of Southern Africa and in the provinces of the Republic of South Africa using panel data, allowing an understanding of growth and inequality in the region. The region has experienced β- and σ-convergence; however, growth rates of per capita gross domestic product are low at aggregate and sectoral levels. At sectoral level, the performance of the tertiary sector is better than that of the primary and secondary sectors.

Suggested Citation

  • Dukhabandhu Sahoo & Diptimayee Mishra & Auro Kumar Sahoo & Phendulwa Zikhona Makunga & Jayanti Behera, 2020. "Regional and subregional analyses of macroeconomic policy strategies for growth and equality in Southern Africa," WIDER Working Paper Series wp-2020-176, World Institute for Development Economic Research (UNU-WIDER).
    • Handle: RePEc:unu:wpaper:wp-2020-176
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    Keywords

    Convergence; Growth; Inequality; Panel data; Southern Africa;
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