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Abstract

We study the processes of real convergence per-capita GDP, period 1950-2005 and of nominal convergence inflation rate, period 1973-2005 for a sample of MENA countries. Using the methods of dynamic analysis based on transition matrices Markov processes and stochastic kernels, we show that there is not had a global real convergence process, but rather convergence clubs. Conversely, a convergence process of inflation rates is verified. Finally, we note that the speed of convergence of inflation rates is at twice as fast as the speed of convergence of the per-capita GDP.



Item Type: MPRA Paper -

Original Title: Convergence réelle et convergence nominale dans les Pays de la région MENA-

English Title: Real and nominal convergence amongst MENA countries-

Language: French-

Keywords: Convergence,Clubs,Distribution Dynamics, Stochastic Kernel, MENA countries-

Subjects: ?? C16 ??C - Mathematical and Quantitative Methods > C1 - Econometric and Statistical Methods and Methodology: General > C13 - Estimation: GeneralO - Economic Development, Innovation, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Empirical Studies of Economic Growth ; Aggregate Productivity ; Cross-Country Output ConvergenceF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F41 - Open Economy MacroeconomicsF - International Economics > F4 - Macroeconomic Aspects of International Trade and Finance > F43 - Economic Growth of Open Economies-





Author: REY, Serge

Source: https://mpra.ub.uni-muenchen.de/30206/







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