Detalle Publicación

ARTÍCULO
Persistence of the misery index in African countries
Autores: Solarin, S. A.; Gil Alaña, Luis Alberiko (Autor de correspondencia); Lafuente, C.
Título de la revista: SOCIAL INDICATORS RESEARCH
ISSN: 0303-8300
Volumen: 147
Número: 3
Páginas: 825 - 841
Fecha de publicación: 2020
Lugar: WOS
Resumen:
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.