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Convergence clubs in labor productiv...

Mendez, Carlos.

Convergence clubs in labor productivity and its proximate sourcesevidence from developed and developing countries /

Record Type:	Electronic resources : Monograph/item
Title/Author:	Convergence clubs in labor productivity and its proximate sourcesby Carlos Mendez.
Reminder of title:	evidence from developed and developing countries /
Author:	Mendez, Carlos.
Published:	Singapore :Springer Singapore :2020.
Description:	xii, 67 p. :ill., digital ;24 cm.
Contained By:	Springer Nature eBook
Subject:	Labor productivity.
Online resource:	https://doi.org/10.1007/978-981-15-8629-3
ISBN:	9789811586293$q(electronic bk.)

Convergence clubs in labor productivity and its proximate sourcesevidence from developed and developing countries /
Mendez, Carlos.

Convergence clubs in labor productivity and its proximate sourcesevidence from developed and developing countries /[electronic resource] :by Carlos Mendez. - Singapore :Springer Singapore :2020. - xii, 67 p. :ill., digital ;24 cm. - SpringerBriefs in economics,2191-5504. - SpringerBriefs in economics..

1 Introduction -- 2 The Data: Productivity and Capital Differences across Countries and over Time -- 3 Two Complementary Frameworks to Study Convergence Clubs -- 4 Convergence Clubs in Labor Productivity -- 5 Convergence Clubs in Physical and Human Capital -- 6 Convergence Clubs in Total Factor Productivity -- 7 Accounting for Convergence Clubs -- 8 Conclusion.

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.

ISBN: 9789811586293$q(electronic bk.)

Standard No.: 10.1007/978-981-15-8629-3doiSubjects--Topical Terms:

200814
Labor productivity.

LC Class. No.: HC79.L3

Dewey Class. No.: 331.118

Convergence clubs in labor productivity and its proximate sourcesevidence from developed and developing countries /
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520 $a 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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