Persistence of the Misery Index in African Countries

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 diferentia...

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Autores: Adebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8, Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c, Lafuente, C. (Carmen)|||/items/b856f648-ab99-42cf-85f4-364e1aab2cec
Tipo de recurso: artículo
Fecha de publicación:2020
País:España
Institución:Universidad de Navarra
Repositorio:Dadun. Depósito Académico Digital de la Universidad de Navarra
Idioma:inglés
OAI Identifier:oai:dadun.unav.edu:10171/66046
Acceso en línea:https://hdl.handle.net/10171/66046
Access Level:acceso abierto
Palabra clave:Misery index
Fractional integration
Persistency
African countries
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repository_id_str
spelling Persistence of the Misery Index in African CountriesAdebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23cLafuente, C. (Carmen)|||/items/b856f648-ab99-42cf-85f4-364e1aab2cecMisery indexFractional integrationPersistencyAfrican countriesThis 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.Springer NatureDadun. Depósito Académico Digital Universidad de Navarra20232023-04-2020202020-01-0120202020-01-01journal articlehttp://purl.org/coar/resource_type/c_6501info:eu-repo/semantics/articleapplication/pdfhttps://hdl.handle.net/10171/66046reponame:Dadun. Depósito Académico Digital de la Universidad de Navarrainstname:Universidad de NavarraInglésengopen accesshttp://purl.org/coar/access_right/c_abf2info:eu-repo/semantics/openAccessoai:dadun.unav.edu:10171/660462026-06-21T12:47:57Z
dc.title.none.fl_str_mv Persistence of the Misery Index in African Countries
title Persistence of the Misery Index in African Countries
spellingShingle Persistence of the Misery Index in African Countries
Adebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8
Misery index
Fractional integration
Persistency
African countries
title_short Persistence of the Misery Index in African Countries
title_full Persistence of the Misery Index in African Countries
title_fullStr Persistence of the Misery Index in African Countries
title_full_unstemmed Persistence of the Misery Index in African Countries
title_sort Persistence of the Misery Index in African Countries
dc.creator.none.fl_str_mv Adebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8
Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c
Lafuente, C. (Carmen)|||/items/b856f648-ab99-42cf-85f4-364e1aab2cec
author Adebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8
author_facet Adebola-Solarin, S. (Sakiru)|||/items/32bf5bd7-e6d8-4dd7-b682-04ad945368d8
Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c
Lafuente, C. (Carmen)|||/items/b856f648-ab99-42cf-85f4-364e1aab2cec
author_role author
author2 Gil-Alana, L.A. (Luis A.)|||/items/a283ece6-b578-452c-9362-8d1a6255b23c
Lafuente, C. (Carmen)|||/items/b856f648-ab99-42cf-85f4-364e1aab2cec
author2_role author
author
dc.contributor.none.fl_str_mv Dadun. Depósito Académico Digital Universidad de Navarra
dc.subject.none.fl_str_mv Misery index
Fractional integration
Persistency
African countries
topic Misery index
Fractional integration
Persistency
African countries
description 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.
publishDate 2020
dc.date.none.fl_str_mv 2020
2020-01-01
2020
2020-01-01
2023
2023-04-20
dc.type.none.fl_str_mv journal article
http://purl.org/coar/resource_type/c_6501
dc.type.openaire.fl_str_mv info:eu-repo/semantics/article
format article
dc.identifier.none.fl_str_mv https://hdl.handle.net/10171/66046
url https://hdl.handle.net/10171/66046
dc.language.none.fl_str_mv Inglés
eng
language_invalid_str_mv Inglés
language eng
dc.rights.none.fl_str_mv open access
http://purl.org/coar/access_right/c_abf2
dc.rights.openaire.fl_str_mv info:eu-repo/semantics/openAccess
rights_invalid_str_mv open access
http://purl.org/coar/access_right/c_abf2
eu_rights_str_mv openAccess
dc.format.none.fl_str_mv application/pdf
dc.publisher.none.fl_str_mv Springer Nature
publisher.none.fl_str_mv Springer Nature
dc.source.none.fl_str_mv reponame:Dadun. Depósito Académico Digital de la Universidad de Navarra
instname:Universidad de Navarra
instname_str Universidad de Navarra
reponame_str Dadun. Depósito Académico Digital de la Universidad de Navarra
collection Dadun. Depósito Académico Digital de la Universidad de Navarra
repository.name.fl_str_mv
repository.mail.fl_str_mv
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