Convergence in SACU countries_Dataset
Description
The main research hypothesis is that there is income convergence in economically integrated countries such as those of the Southern African Customs Union (SACU). This dataset can be used to test for both unconditional and conditional beta convergence. The data shows that there is no unconditional convergence in SACU countries during the period 2002-2018 since the coefficient of the initial income was found to be insignificant. However, when additional variables including the inflation rate, trade openness, investment, and government expenditure are taken into account, then there is evidence of conditional convergence in SACU countries. Unless otherwise specified, all data was obtained from the World Bank - World Development Indicators (2019) and (2015) in some cases.