Convergence clubs in labor productivity and its proximate sources : evidence from developed and developing countries / / Carlos Mendez

• Autore: Méndez Carlos
• Pubblicazione: Cham, Switzerland : , : Springer, , [2020]; ©2020
• Edizione: 1st ed. 2020.
• Descrizione fisica: 1 online resource (XII, 67 p. 39 illus., 36 illus. in color.)
• Disciplina: 658.314
• Soggetto topico: Labor productivity; Convergence (Economics); Economic development
• Nota di contenuto: 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.
• Sommario/riassunto: 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.
• Titolo autorizzato: Convergence clubs in labor productivity and its proximate sources
• ISBN: 981-15-8629-2
• Formato: Materiale a stampa
• Livello bibliografico: Monografia
• Lingua di pubblicazione: Inglese
• Record Nr.: 9910468240903321
• Lo trovi qui: Univ. Federico II
• Serie: SpringerBriefs in economics.