Buch, Englisch, 67 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 137 g
Reihe: SpringerBriefs in Economics
Evidence from Developed and Developing Countries
Buch, Englisch, 67 Seiten, Format (B × H): 155 mm x 235 mm, Gewicht: 137 g
Reihe: SpringerBriefs in Economics
ISBN: 978-981-15-8628-6
Verlag: Springer Nature Singapore
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.
Zielgruppe
Research
Autoren/Hrsg.
Fachgebiete
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Makroökonomie
- Mathematik | Informatik Mathematik Numerik und Wissenschaftliches Rechnen
- Wirtschaftswissenschaften Volkswirtschaftslehre Volkswirtschaftslehre Allgemein Wirtschaftswachstum
- Mathematik | Informatik Mathematik Stochastik Mathematische Statistik
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Entwicklungsökonomie & Emerging Markets
- Wirtschaftswissenschaften Volkswirtschaftslehre Internationale Wirtschaft Volkswirtschaften einzelner Länder und Regionen
Weitere Infos & Material
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.