Economic growth in the Sub-Saharan African world region: convergence theory

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.

Citation

Martinho, V. (2024), "Economic growth in the Sub-Saharan African world region: convergence theory", Competitiveness Review, Vol. ahead-of-print No. ahead-of-print. https://doi.org/10.1108/CR-11-2023-0270