Persistence of the Misery Index in African Countries


Solarin, Sakiru Adebola and Lafuente, Carmen and Gil-Alana, Luis A. (2020) Persistence of the Misery Index in African Countries. Social Indicators Research, 147 (3). pp. 825-841. ISSN 0303-8300

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This paper deals with the analysis of the misery index in a group of 55 African countries by using fractional integration or I(d) techniques. In doing so, we can measure the degree of persistence of the index in a more flexible way than with other methods that simply use integer degrees of differentiation (zero or one). Our results indicate a large degree of heterogeneity across the countries, with some showing short memory behaviour (d = 0); others long memory mean reverting behaviour (0 < d < 1) and others indicating the presence of unit roots (d = 1). Thus, shocks will have different effects depending on the country examined. Generally, we also find a positive relationship between the levels of persistence and income.

Item Type: Article
Uncontrolled Keywords: Economic development, Misery index, Fractional integration, Persistency, African countries
Subjects: H Social Sciences > HD Industries. Land use. Labor > HD72-88 Economic growth, development, planning
Divisions: Faculty of Business (FOB)
Depositing User: Ms Suzilawati Abu Samah
Date Deposited: 28 Dec 2020 17:06
Last Modified: 28 Dec 2020 17:06


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