Economic growth in the Sub-Saharan African world region: convergence theory
ISSN: 1059-5422
Article publication date: 14 May 2024
Issue publication date: 6 January 2025
Abstract
Purpose
The processes of convergence are particularly challenging in the Sub-Saharan African frameworks, considering the diversity of contexts and endogenous particularities. Creating conditions to support these nations to improve their socioeconomic dynamics and performance requires additional contributions from international organisations, governments and the scientific community. In this scenario, this paper aims to analyse the convergence process in Sub-Saharan African countries over the past three decades.
Design/methodology/approach
To achieve these objectives, data from the World Bank were considered for the gross domestic product (GDP) per capita over the period 1990–2021. This statistical information was assessed through panel data approaches based on the models from the convergence theory. Specifically, the concepts of sigma and beta convergence were addressed, as well as the concept of catch-up rates.
Findings
The findings obtained highlight evidence of the existence of clubs of convergence among the Sub-Saharan African countries and the processes of catching up. These results may be relevant support for the policymakers and international funds and programmes.
Originality/value
This research provides a new perspective on the convergence of GDP per capita in Sub-Saharan African countries, based on an analysis focused on groups of countries identified on the basis of catch-up rates. This approach presents a way of dealing with the different specificities of these nations.
Keywords
Acknowledgements
This work is funded by National Funds through the FCT-Foundation for Science and Technology, I.P., within the scope of the project Refa UIDB/00681/2020 (https://doi.org/10.54499/UIDP/00681/2020). Furthermore, the author would like to thank the CERNAS Research Centre and the Polytechnic Institute of Viseu for their support.
A version of this work was presented at International Conference on Applied Business and Economics 2023 19th Edition: A Hybrid Conference; Organized Physically and Virtually at the Aristotle University of Thessaloniki, Greece, Main Campus from 18 to 20 October 2023 (https://2023.icabe.gr).
Citation
Martinho, V. (2025), "Economic growth in the Sub-Saharan African world region: convergence theory", Competitiveness Review, Vol. 35 No. 1, pp. 137-157. https://doi.org/10.1108/CR-11-2023-0270
Publisher
:Emerald Publishing Limited
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