Divergence in per capita electric power consumption: an african perspective
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[1] University of Mauritius
University of Mauritius
Mauricio
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- Localización: Applied econometrics and international development, ISSN 1578-4487, Vol. 8, Nº. 2, 2008, págs. 137-150
- Idioma: inglés
- Enlaces
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Resumen
This paper tests for convergence in relative per capita electric power consumption for 22 African countries, covering the period 1971-2002. Parametric techniques which are regressions and unit root tests are used. Neoclassical convergence hypothesis such as the β-convergence is rejected while evidence in support of σ-convergence is obtained. Stochastic convergence is further investigated by applying a battery of time-series and panel unit roots tests. Strong evidence of stochastic divergence is found after controlling for cross-sectional dependence. Finally, non-parametric techniques based on kernels reveal some evidence of club-formation.
