Income convergence in MENA countries slow, but significant, study finds.
The article investigates income convergence in 22 MENA countries from 1970 to 2003 using a neoclassical growth model. The researchers found that both absolute and conditional convergence exist, but the rate of convergence is slow. By using Artificial Neural Networks, the results were more accurate, showing that income per capita tends to move towards a stable value over time in these countries.