Document Type
Journal Article
RIS ID
12012
Citation
Chowdhury, Muhammad K., 2005, Convergence of Per Capita GDP in South Asia, International Journal of Applied Business and Economic Research, 3(2), 133-150.
http://ro.uow.edu.au/era/705
Abstract
In this paper we have examined the issue of convergence of per capita GDP across 7 South Asian countries during 1960-2000 using World Bank data. Empirical results failed to find evidence of σ convergence, β convergence and conditional β (β) convergence in South Asia. The reasons for non-convergence of per capita GDP can be explained by low and falling volume of intra-country trade, weak governance and low level of growth achieved by the individual countries. Further non-convergence can be attributed to explanations provided by endogenous growth models.