Persistence of the Misery Index in African Countries


Solarin, Sakiru Adebola and Gil-Alana, Luis A. and Lafuente, Carmen (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 fexible way than with other methods that simply use integer degrees of diferentiation (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 diferent efects depending on the country examined. Generally, we also fnd a positive relationship between the levels of persistence and income.

Item Type: Article
Uncontrolled Keywords: African countries
Subjects: H Social Sciences > HF Commerce > HF3000-4055 By region or country
Divisions: Faculty of Business (FOB)
Depositing User: Ms Rosnani Abd Wahab
Date Deposited: 27 Oct 2021 04:08
Last Modified: 27 Oct 2021 04:08


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