Document Type
Article
Publication Date
2025
Keywords
Convergence Theory, Covid-19 Pandemic, Augmented Dickey-Fuller Test, Developing Countries, Developed Countries
Abstract
This study investigates convergence between developed and developing countries’ GDP during the pre-COVID-19 era (1960-2019) and post-COVID-19 era (2020-2023) using World Bank data and the Augmented Dickey-Fuller (ADF) test. For the pre-COVID period, results show no significant convergence, with an ADF statistic of −1.78 and a P = 0.39, likely due to disparities in industrialization and governance. Similarly, post-COVID results (ADF statistic −1.2, P = 0.67) also suggest no convergence, possibly exacerbated by pandemic-related challenges. The study highlights that structural barriers and the pandemic have hindered economic convergence.
Journal Title
International Journal of Economics and Financial Issues
Volume
15
Issue
2
First Page
91
Last Page
97
DOI
10.32479/ijefi.17698
First Department
School of Business Administration
Recommended Citation
Sabas, Lucile; Peprah, Williams Kwasi peprah@andrews.edu; Troy, Carmelita; and Sahly, Quentin, "The Impact of COVID-19 Pandemic on Economic Convergence Between Developed and Developing Nations" (2025). Faculty Publications. 5362.
https://digitalcommons.andrews.edu/pubs/5362
Acknowledgements
Open access article retrieved November 5, 2025, from https://econjournals.com/index.php/ijefi/article/view/17698