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Issue 5(1), October 2010 -- Paper Abstracts

Girard  (p. 9-22)

Cooper (p. 23-32)

Kunz-Osborne (p. 33-41)

Coulmas-Law (p.42-46)

Stasio (p. 47-56)

Albert-Valette-Florence (p.57-63)

Zhang-Rauch (p. 64-70)

Alam-Yasin (p. 71-78)

Mattare-Monahan-Shah (p. 79-94)

Nonis-Hudson-Hunt (p. 95-106)

JOURNAL OF APPLIED BUSINESS AND ECONOMICS

Convergence or Divergence in CFA FRANC Countries:

A Time Series Analysis

Author(s): Sakiru Adebola Solarin, Pritish Kumar Sahu

Citation: Sakiru Adebola Solarin, Pritish Kumar Sahu, (2013) "Convergence or Divergence in CFA FRANC Countries: A Time Series Analysis," Journal of Applied Business and Economics, Vol. 14, Iss. 2, pp. 112-127

Article Type: Research paper

Publisher: North American Business Press

Abstract:

This study investigates the incidence of per capita income convergence in CFA franc countries, using the

total average, regional average (West African and Central African countries, separately) and per capita

income of France, as benchmarks. Using unit root tests with single structural break, the findings

illustrate no conditional convergence towards any of the three benchmarks. The findings further

demonstrate that Benin satisfies the catch-up hypothesis towards the total average, while Burkina Faso

satisfies the catch-up hypothesis towards the West African average and no country satisfies the catch-up

hypothesis towards per capita income of France.