Clustering and polarization in the distribution of output: A multivariate perspective

Michele Battisti and Christopher Parmeter

Journal of Macroeconomics, 2013, vol. 35, issue C, 144-162

Abstract: Modeling the cross-country distribution of per capita income using mixture analysis provides a natural platform for the detection of clubs of countries. Unfortunately, these mixture methods, when based on a strictly univariate approach are limiting towards one’s ability to learn about the underlying process of the emergence of what constitutes a club. This paper takes a fresh look at the constitution of the emerging clubs in the distribution of cross-country output using bivariate and multivariate mixture analysis. Our results suggest that clubs are also forming in the main Solowian determinants of economic growth.

Keywords: Convergence; Orientation; Mixture densities (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (12)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:jmacro:v:35:y:2013:i:c:p:144-162

DOI: 10.1016/j.jmacro.2012.10.003

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