02776nam 2200493 450 991046824090332120230823001918.0981-15-8629-210.1007/978-981-15-8629-3(CKB)4100000011558594(MiAaPQ)EBC6386038(DE-He213)978-981-15-8629-3(EXLCZ)99410000001155859420210330d2020 uy 0engurnn|008mamaatxtrdacontentcrdamediacrrdacarrierConvergence clubs in labor productivity and its proximate sources evidence from developed and developing countries /Carlos Mendez1st ed. 2020.Cham, Switzerland :Springer,[2020]©20201 online resource (XII, 67 p. 39 illus., 36 illus. in color.) SpringerBriefs in Economics981-15-8628-4 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.SpringerBriefs in economics.Labor productivityConvergence (Economics)Economic developmentLabor productivity.Convergence (Economics)Economic development.658.314Méndez Carlos856372MiAaPQMiAaPQMiAaPQBOOK9910468240903321Convergence clubs in labor productivity and its proximate sources1912489UNINA