Convergence Clubs in Labor Productivity and its Proximate Sources Evidence from Developed and Developing Countries
Başlık:
Convergence Clubs in Labor Productivity and its Proximate Sources Evidence from Developed and Developing Countries
ISBN:
9789811586293
Personal Author:
Edition:
1st ed. 2020.
Yayın Bilgileri:
Singapore : Springer Nature Singapore : Imprint: Springer, 2020.
Fiziksel Tanımlama:
XII, 67 p. 39 illus., 36 illus. in color. online resource.
Series:
SpringerBriefs in Economics,
Contents:
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.
Abstract:
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.
Ek Kurum Yazarı:
Elektronik Erişim:
Full Text Available From Springer Nature Economics and Finance 2020 Packages
Dil:
English