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Convergence Clubs in Labor Productivity and its Proximate Sources

Convergence Clubs in Labor Productivity and its Proximate Sources : Evidence from Developed and Developing Countries.

・ISBN 978-981-15-8628-6 paper EUR 49.99

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お気に入り
著者・編者Mendez, Carlos,
シリーズSpringerBriefs in Economics
出版社(Springer, GW)
出版年月2020.12
ページ数67 pp.
言語ENG
ニュース番号<661-L568 661-L879>

解説

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.