Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework
West African countries have long promoted economic integration and income convergence. In recent trends, Nigeria has recorded the highest GDP per capita, and its neighbouring countries are yet to catch up with this economic growth. The paper examines the convergence of West African countries to catc...
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Elsevier
2019
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| Online Access: | http://eprints.um.edu.my/23111/ https://doi.org/10.1016/j.inteco.2019.02.004 |
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| author | Yaya, OlaOluwa S. Pui, Kiew Ling Furuoka, Fumitaka Rose Ezeoke, Chinyere Mary Jacob, Ray Ikechukwu |
| author_facet | Yaya, OlaOluwa S. Pui, Kiew Ling Furuoka, Fumitaka Rose Ezeoke, Chinyere Mary Jacob, Ray Ikechukwu |
| author_sort | Yaya, OlaOluwa S. |
| building | UM Library |
| collection | Institutional Repository |
| content_provider | Universiti Malaya |
| content_source | UM Research Repository |
| continent | Asia |
| country | Malaysia |
| description | West African countries have long promoted economic integration and income convergence. In recent trends, Nigeria has recorded the highest GDP per capita, and its neighbouring countries are yet to catch up with this economic growth. The paper examines the convergence of West African countries to catch up with Nigeria in terms of real per capita income. For the estimation, the paper employs fractional unit root approach to model simultaneously smooth breaks by means of flexible Fourier function in time. This approach is novel and has not been widely applied in the study of economic convergence across countries. The findings show that, while there is evidence of economic convergence and catching up in West Africa, only Ghana is likely to catch up with Nigeria in the region. As a policy recommendation, the West African countries should strengthen their human resource capacities through acquisition of relevant skills and technology transfers. This would promote income convergence and equitable economic growth. © 2019 CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy |
| format | Article |
| id | my.um.eprints-23111 |
| institution | Universiti Malaya |
| publishDate | 2019 |
| publisher | Elsevier |
| record_format | eprints |
| spelling | my.um.eprints-231112019-11-27T04:47:54Z http://eprints.um.edu.my/23111/ Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework Yaya, OlaOluwa S. Pui, Kiew Ling Furuoka, Fumitaka Rose Ezeoke, Chinyere Mary Jacob, Ray Ikechukwu HC Economic History and Conditions West African countries have long promoted economic integration and income convergence. In recent trends, Nigeria has recorded the highest GDP per capita, and its neighbouring countries are yet to catch up with this economic growth. The paper examines the convergence of West African countries to catch up with Nigeria in terms of real per capita income. For the estimation, the paper employs fractional unit root approach to model simultaneously smooth breaks by means of flexible Fourier function in time. This approach is novel and has not been widely applied in the study of economic convergence across countries. The findings show that, while there is evidence of economic convergence and catching up in West Africa, only Ghana is likely to catch up with Nigeria in the region. As a policy recommendation, the West African countries should strengthen their human resource capacities through acquisition of relevant skills and technology transfers. This would promote income convergence and equitable economic growth. © 2019 CEPII (Centre d'Etudes Prospectives et d'Informations Internationales), a center for research and expertise on the world economy Elsevier 2019 Article PeerReviewed Yaya, OlaOluwa S. and Pui, Kiew Ling and Furuoka, Fumitaka and Rose Ezeoke, Chinyere Mary and Jacob, Ray Ikechukwu (2019) Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework. International Economics, 158. pp. 51-63. ISSN 2110-7017, DOI https://doi.org/10.1016/j.inteco.2019.02.004 <https://doi.org/10.1016/j.inteco.2019.02.004>. https://doi.org/10.1016/j.inteco.2019.02.004 doi:10.1016/j.inteco.2019.02.004 |
| spellingShingle | HC Economic History and Conditions Yaya, OlaOluwa S. Pui, Kiew Ling Furuoka, Fumitaka Rose Ezeoke, Chinyere Mary Jacob, Ray Ikechukwu Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title | Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title_full | Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title_fullStr | Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title_full_unstemmed | Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title_short | Can West African countries catch up with Nigeria? Evidence from smooth nonlinearity method in fractional unit root framework |
| title_sort | can west african countries catch up with nigeria? evidence from smooth nonlinearity method in fractional unit root framework |
| topic | HC Economic History and Conditions |
| url | http://eprints.um.edu.my/23111/ https://doi.org/10.1016/j.inteco.2019.02.004 |
| url_provider | http://eprints.um.edu.my/ |