It takes the average reader 1 hour and 12 minutes to read Convergence Clubs in Labor Productivity and its Proximate Sources by Carlos Mendez
Assuming a reading speed of 250 words per minute. Learn more
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.
Convergence Clubs in Labor Productivity and its Proximate Sources by Carlos Mendez is 72 pages long, and a total of 18,144 words.
This makes it 24% the length of the average book. It also has 22% more words than the average book.
The average oral reading speed is 183 words per minute. This means it takes 1 hour and 39 minutes to read Convergence Clubs in Labor Productivity and its Proximate Sources aloud.
Convergence Clubs in Labor Productivity and its Proximate Sources is suitable for students ages 8 and up.
Note that there may be other factors that effect this rating besides length that are not factored in on this page. This may include things like complex language or sensitive topics not suitable for students of certain ages.
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