Convergence Clubs in Labor Productivity and its Proximate Sources
Convergence Clubs in Labor Productivity and its Proximate Sources
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劳动生产率的趋同俱乐部及其直接来源
DOI:
10.1007/978-981-15-8629-3
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发表时间:
2020
期刊:
影响因子:
--
通讯作者:
Carlos Mendez
中科院分区:
文献类型:
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作者:
Carlos Mendez
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.