{"product_id":"convergence-clubs-in-labor-productivity-and-its-proximate-sources-evidence-from-developed-and-developing-countries-von-carlos-mendez","title":"Convergence Clubs in Labor Productivity and its Proximate Sources","description":"\n                                \n                \u003cp\u003e\u003c\/p\u003e\n                                \n                \u003cp\u003eTesting 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.\u003c\/p\u003e\n                                \n                \u003cp\u003e\u003c\/p\u003e\n                            \n            \u003cdiv class=\"aw-variant-hidden-subtitle-div\" id=\"aw-variant-subtitle-9789811586286\"\u003e\u003ch3\u003eEvidence from Developed and Developing Countries\u003c\/h3\u003e\u003c\/div\u003e","brand":"Libri","offers":[{"title":"Softcover - 9789811586286","offer_id":39466800676957,"sku":"9789811586286","price":53.49,"currency_code":"EUR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0940\/0622\/files\/3a80a761-b2b7-4d45-b472-604f3fd698e3.jpg?v=1773990766","url":"https:\/\/shop.autorenwelt.de\/products\/convergence-clubs-in-labor-productivity-and-its-proximate-sources-evidence-from-developed-and-developing-countries-von-carlos-mendez","provider":"Autorenwelt Shop","version":"1.0","type":"link"}