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ESTIMATING CONVERGENCE AND DIVERGENCE AMONG DEVELOPING EMERGING AND DEVELOPED ECONOMIES

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45 Pages : 349-363

http://dx.doi.org/10.31703/gssr.2019(IV-III).45      10.31703/gssr.2019(IV-III).45      Published : Sep 2019

Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies

Abstract

    Economic growth process is explained by many scientists in order to materialize a cherished objective of economic growth across the globe. In the current study, convergence among developed, developing and emerging countries has been estimated. Convergence process was estimated by employing sigma, beta and omega techniques. Analysis was done for three time periods i.e. from 1980 to 2018, from 1980 to 2000 and from 2001 to 2018. Sigma and beta analysis for the period from 1980 to 2000 showed divergence among countries however there are difference among developed, developing and economies Omega analysis showed divergence of developed countries and convergence among developing and emerging countries. Last analysis from 2001 to 2018 showed convergence among countries. The results are consistent with the adoption of information technology. Therefore, fast spillover effects of information technology help the countries in convergence process and make this world a global village.

    (1) Babar Hussain
    PhD Scholar, Department of Economics,Government College University Faisalabad, Punjab, Pakistan.
    (2) Muhammad Rizwan Yaseen
    Assistant Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.
    (3) Sofia Anwar
    Professor,Department of Economics, Government College University Faisalabad, Punjab, Pakistan.
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Cite this article

APA

    APA : Hussain, B., Yaseen, M. R., & Anwar, S. (2019). Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies. Global Social Sciences Review, IV(III), 349-363. https://doi.org/10.31703/gssr.2019(IV-III).45

CHICAGO

    CHICAGO : Hussain, Babar, Muhammad Rizwan Yaseen, and Sofia Anwar. 2019. "Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies." Global Social Sciences Review, IV (III): 349-363 doi: 10.31703/gssr.2019(IV-III).45

HARVARD

    HARVARD : HUSSAIN, B., YASEEN, M. R. & ANWAR, S. 2019. Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies. Global Social Sciences Review, IV, 349-363.

MHRA

    MHRA : Hussain, Babar, Muhammad Rizwan Yaseen, and Sofia Anwar. 2019. "Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies." Global Social Sciences Review, IV: 349-363

MLA

    MLA : Hussain, Babar, Muhammad Rizwan Yaseen, and Sofia Anwar. "Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies." Global Social Sciences Review, IV.III (2019): 349-363 Print.

OXFORD

    OXFORD : Hussain, Babar, Yaseen, Muhammad Rizwan, and Anwar, Sofia (2019), "Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies", Global Social Sciences Review, IV (III), 349-363

TURABIAN

    TURABIAN : Hussain, Babar, Muhammad Rizwan Yaseen, and Sofia Anwar. "Estimating Convergence (and Divergence) among Developing, Emerging and Developed Economies." Global Social Sciences Review IV, no. III (2019): 349-363. https://doi.org/10.31703/gssr.2019(IV-III).45