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Growth and convergence in South–South integration areas: An empirical analysis
Author(s) -
Sperlich Stefan,
Sperlich Yvonne
Publication year - 2017
Publication title -
review of international economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.513
H-Index - 58
eISSN - 1467-9396
pISSN - 0965-7576
DOI - 10.1111/roie.12285
Subject(s) - convergence (economics) , economics , panel data , regional integration , south asia , international trade , growth theory , international economics , development economics , economic geography , macroeconomics , econometrics , neoclassical economics , sociology , ethnology
Until recently, it has been argued in economic theory that regional integration and trade agreements among developing countries may achieve negative growth effects. This study tests empirically the effects of such South–South agreements on growth and convergence. All three world regions in question are considered: South America, Southeast Asia, and Sub‐Saharan Africa. A comprehensive panel data analysis is conducted that distinguishes between the problems of testing for stronger growth and accelerated convergence, respectively. The data indicate that the considered South–South agreements promote both.