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Convergence Clubs in Labor Productivity and its Proximate Sources : Evidence from Developed and Developing Countries / by Carlos Mendez

By: Resource type: Ressourcentyp: Buch (Online)Book (Online)Language: English Series: SpringerBriefs in Economics | Springer eBook CollectionPublisher: Singapore : Springer Singapore, 2020Publisher: Singapore : Imprint: Springer, 2020Edition: 1st ed. 2020Description: 1 Online-Ressource(XII, 67 p. 39 illus., 36 illus. in color.)ISBN:
  • 9789811586293
Subject(s): Additional physical formats: 9789811586286 | 9789811586309 | Erscheint auch als: 9789811586286 Druck-Ausgabe | Erscheint auch als: 9789811586309 Druck-Ausgabe | Erscheint auch als: Convergence clubs in labor productivity and its proximate sources. Druck-Ausgabe Singapore : Springer, 2020. xii, 67 SeitenDDC classification:
  • 338.9 23
RVK: RVK: QI 520DOI: DOI: 10.1007/978-981-15-8629-3Online resources: Summary: 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.Summary: 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.PPN: PPN: 1741573904Package identifier: Produktsigel: ZDB-2-ECF | ZDB-2-SEB | ZDB-2-SXEF
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