Convergence Clubs in Labor Productivity and its Proximate Sources
Produktnummer:
18fcc4b54e6d104d92a3fb2042ce39d8fc
| Autor: | Mendez, Carlos |
|---|---|
| Themengebiete: | Convergence Clubs Developing Countries Human Capital Labor Productivity Physical Capital Total Factor Productivity |
| Veröffentlichungsdatum: | 06.11.2020 |
| EAN: | 9789811586286 |
| Sprache: | Englisch |
| Seitenzahl: | 67 |
| Produktart: | Kartoniert / Broschiert |
| Verlag: | Springer Singapore |
| Untertitel: | Evidence from Developed and Developing Countries |
Produktinformationen "Convergence Clubs in Labor Productivity and its Proximate Sources"
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.
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