Convergence of Per Capita GDP Across SAARC Countries

Authors

K. Chowdhury, University of WollongongFollow

Publication Date

January 2004

Publication Details

Chowdhury, K, Convergence of Per Capita GDP Across SAARC Countries, Working Paper 04-07, Department of Economics, University of Wollongong, 2004.

Recommended Citation

Chowdhury, K., Convergence of Per Capita GDP Across SAARC Countries, Department of Economics, University of Wollongong, 2004.
https://ro.uow.edu.au/commwkpapers/91

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 s convergence, b convergence and conditional b (bc) 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.