Macroeconomic convergence in East and Southern Africa, 1980-2007
Author(s)/Corporate Author (s)United Nations. Economic Commission for Africa;
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The paper presents an analytical framework, provides empirical evidence on macroeconomic outcomes and policy convergence, highlights pertinent international experiences and summarizes the debate on the cons and pros of macroeconomic convergence. It uses country-level data, covering members of the main regional economic communities in Eastern and Southern Africa, namely the Southern African Development Community (SADC), the Common Market for Eastern and Southern Africa (COMESA), and the East African Community (EAC), to assess macroeconomic convergence in the subregions. In addition to examining the trends of and constraints to macroeconomic convergence, the study provides specifi c policy suggestions on the design and implementation of strategies for macroeconomic convergence in Eastern and Southern Africa.