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What´s Happening to Per Capita Gdp in the ASEAN Countries?. An Analysis of Convergence, 1960-2001

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  • Chowdhury, K

Abstract

In this paper we have examined the issue of convergence of per capita GDP across 9 ASEAN countries during 1960-2001 using World Bank data. Empirical results failed to find evidence of ? convergence, ? convergence and conditional ? (?c) convergence in ASEAN countries. The reasons for non-convergence of per capita GDP can be explained by low volume of intra-country trade, slow growth of merchandise exports and imports, and low levels of per capita income growth achieved by the individual countries. In addition, factors conducive to long run economic growth were absent in the ASEAN economies. This was further compounded by weak governance in some of the ASEAN countries. Further, non-convergence can be attributed to explanations provided by endogenous growth models.

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  • Chowdhury, K, 2005. "What´s Happening to Per Capita Gdp in the ASEAN Countries?. An Analysis of Convergence, 1960-2001," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 5(3).
    • Handle: RePEc:eaa:aeinde:v:5:y:2005:i:3_3
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    Citations

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    Cited by:

    1. Mukherjee, D., 2006. "Is the Rate of ‘Convergence’ Always Constant? Some Empirical Evidence from Sector Level Data of 56 countries, 1975-99," Regional and Sectoral Economic Studies, Euro-American Association of Economic Development, vol. 6(2).
    2. Zaenal Mutaqin & Masaru Ichihashi, 2012. "The Role of Maastricht Criteria and Membership in Determining Convergence in the Eurozone and ASEAN: A Panel Data Analysis," IDEC DP2 Series 2-7, Hiroshima University, Graduate School for International Development and Cooperation (IDEC).
    3. Carlos Mendez & Felipe Santos‐Marquez, 2021. "Regional convergence and spatial dependence across subnational regions of ASEAN: Evidence from satellite nighttime light data," Regional Science Policy & Practice, Wiley Blackwell, vol. 13(6), pages 1750-1777, December.
    4. ESCOBARI, Diego, 2011. "Testing for Stochastic and Beta-convergence in Latin American Countries," Applied Econometrics and International Development, Euro-American Association of Economic Development, vol. 11(2).
    5. Devasmita JENA, 2018. "Economic integration and income convergence in the EU and the ASEAN," Journal of Economics Library, KSP Journals, vol. 5(1), pages 1-11, March.
    6. Jahan, Sumbul, 2013. "Does Convergence Exist?," MPRA Paper 48836, University Library of Munich, Germany.
    7. Anoruo, Emmanuel, 2019. "Testing for Convergence in Per Capita Income within ECOWAS," Economia Internazionale / International Economics, Camera di Commercio Industria Artigianato Agricoltura di Genova, vol. 72(4), pages 493-512.
    8. Próchniak, Mariusz & Witkowski, Bartosz, 2013. "Time stability of the beta convergence among EU countries: Bayesian model averaging perspective," Economic Modelling, Elsevier, vol. 30(C), pages 322-333.

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    More about this item

    Keywords

    Per Capita GDP; ? convergence; ? convergence and conditional ? convergence;
    All these keywords.

    JEL classification:

    • C21 - Mathematical and Quantitative Methods - - Single Equation Models; Single Variables - - - Cross-Sectional Models; Spatial Models; Treatment Effect Models
    • O18 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Urban, Rural, Regional, and Transportation Analysis; Housing; Infrastructure

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