{"product_id":"convergence-clubs-in-labor-productivity-and-its-proximate-sources-9789811586293","title":"Convergence Clubs in Labor Productivity and its Proximate Sources","description":"\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","brand":"Gardners","offers":[{"title":"Default Title","offer_id":53643698012439,"sku":null,"price":5629.15,"currency_code":"INR","in_stock":true}],"thumbnail_url":"\/\/cdn.shopify.com\/s\/files\/1\/0679\/6918\/8119\/files\/9789811586293.jpg?v=1783496040","url":"https:\/\/payment.letskitaboo.com\/products\/convergence-clubs-in-labor-productivity-and-its-proximate-sources-9789811586293","provider":"Kitaboo One eStore","version":"1.0","type":"link"}