Anoruo, Emmanuel; Ahmad, Yusuf - In: Journal of Developing Areas 47 (2013) 1, pp. 75-90
This paper examines the issue of monetary policy convergence for members of the Southern African Development Community (SADC) using the Markov Switching unit root procedure. The results from the conventional unit root tests including the Dickey-Fuller and the modified Dickey-Fuller reveal that...