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

Ancillary

Studies in Systems, Decision and Controlm for panel data is applied to identify local convergence clubs. The chapter concludes with a selected overview of the club convergence literature and a tutorial on how to implement the club convergence framework in the statistical software Stata.

栖息地

narcotic

A Modern Framework to Study Convergence,m for panel data is applied to identify local convergence clubs. The chapter concludes with a selected overview of the club convergence literature and a tutorial on how to implement the club convergence framework in the statistical software Stata.

Dictation

,Convergence Clubs in Physical and Human Capital,ng trends. For developing countries, results only reject the convergence hypothesis in terms of human capital. The dynamics of physical capital are characterized by a unique convergence club, while the dynamics of human capital are characterized by three largely separated and parallel clubs.

阶层

https://doi.org/10.1007/978-981-15-8629-3Convergence Clubs; Labor Productivity; Physical Capital; Human Capital; Total Factor Productivity; Develo

湿润

Admonish

https://doi.org/10.1007/978-981-16-6526-4accumulation and aggregate efficiency. This chapter starts by outlining the contents of the book in terms of research questions that will be answered in subsequent chapters. Next, it provides a first overview of the data by illustrating the large and increasing productivity differences that observed

Adj异类的

FLAX

Studies in Systems, Decision and Controlal convergence framework and its limitations. Next, it presents a modern club convergence framework that encompasses key economic phenomena such as technological heterogeneity and multiple equilibria. Econometrically, this framework is based on a non-linear dynamic factor model that evaluates the hy

integral

Studies in Systems, Decision and Controlic factor model, the cross-country dynamics of potential GDP per worker 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 th