TY  - GEN
N2  - 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.
AB  - 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.
T1  - CONVERGENCE CLUBS IN LABOR PRODUCTIVITY AND ITS PROXIMATE SOURCES :evidence from developed and developing countries.
DA  - 2020.
CY  - [S.l.] :
AU  - MENDEZ, CARLOS.
CN  - HB71-74
PB  - SPRINGER VERLAG, SINGAPOR,
PP  - [S.l.] :
PY  - 2020.
ID  - 946119
KW  - Economic development.
KW  - Development economics.
KW  - Economic history.
KW  - Macroeconomics.
KW  - Statistics.
SN  - 9789811586293
SN  - 9811586292
TI  - CONVERGENCE CLUBS IN LABOR PRODUCTIVITY AND ITS PROXIMATE SOURCES :evidence from developed and developing countries.
LK  - https://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-981-15-8629-3
UR  - https://univsouthin.idm.oclc.org/login?url=http://link.springer.com/10.1007/978-981-15-8629-3
ER  -