@article{946119, author = {MENDEZ, CARLOS.}, url = {http://library.usi.edu/record/946119}, title = {CONVERGENCE CLUBS IN LABOR PRODUCTIVITY AND ITS PROXIMATE SOURCES : evidence from developed and developing countries.}, publisher = {SPRINGER VERLAG, SINGAPOR,}, abstract = {Testing for economic convergence across countries has been a central issue in the literature of economic growth and development. This book introduces a modern framework to study the cross-country convergence dynamics in labor productivity and its proximate sources: capital accumulation and aggregate efficiency. In particular, recent convergence dynamics of developed as well as developing countries are evaluated through the lens of a non-linear dynamic factor model and a clustering algorithm for panel data. This framework allows us to examine key economic phenomena such as technological heterogeneity and multiple equilibria. In this context, the book provides a succinct review of the recent club convergence literature, a comparative view of developed and developing countries, and a tutorial on how to implement the club convergence framework in the statistical software Stata.}, recid = {946119}, pages = {1 online resource}, address = {[S.l.] :}, year = {2020}, }