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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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| 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.