Are per capita incomes of MENA countries converging or diverging?

Abstract

This study considers the issue of income convergence among the MENA (Middle East and North African) countries by using real per capita incomes over the period 1950-2006. We employed (Kapetanios et al. 2003)1211 unit root test by incorporating an additive constant and a trend component as Chong et al. (2008)1201 did in their study and found most of the MENA countries diverging during the sample period. (C) 2010 Elsevier B.V. All rights reserved.