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Titlebook: Convergence Clubs in Labor Productivity and its Proximate Sources; Evidence from Develo Carlos Mendez Book 2020 The Author(s), under exclus

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书目名称Convergence Clubs in Labor Productivity and its Proximate Sources
副标题Evidence from Develo
编辑Carlos Mendez
视频video
概述Presents an updated empirical treatment on the issue of productivity convergence across countries.Provides a comparative view of developed and developing countries along multiple productivity-related
丛书名称SpringerBriefs in Economics
图书封面Titlebook: Convergence Clubs in Labor Productivity and its Proximate Sources; Evidence from Develo Carlos Mendez Book 2020 The Author(s), under exclus
描述.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..
出版日期Book 2020
关键词Convergence Clubs; Labor Productivity; Physical Capital; Human Capital; Total Factor Productivity; Develo
版次1
doihttps://doi.org/10.1007/978-981-15-8629-3
isbn_softcover978-981-15-8628-6
isbn_ebook978-981-15-8629-3Series ISSN 2191-5504 Series E-ISSN 2191-5512
issn_series 2191-5504
copyrightThe Author(s), under exclusive license to Springer Nature Singapore Pte Ltd. 2020
The information of publication is updating

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,Convergence Clubs in Physical and Human Capital,amic factor model, the cross-country dynamics of physical and human capital are evaluated over the 1990–2014 period. For developed countries, results reject the hypothesis that all countries would eventually converge to a common steady-state growth path in terms of both physical and human capital. F
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Convergence Clubs in Aggregate Efficiency,amic factor model, the cross-country dynamics of aggregate efficiency are evaluated over the 1990–2014 period. Results reject the hypothesis that all countries would eventually converge to a common steady-state growth path within their respective groups. Developed countries are characterized by thre
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2191-5504 nd developing countries along multiple productivity-related .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
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