Introduction and Overview

Carlos Mendez-Guerra

Chapter Chapter 1 in Convergence Clubs in Labor Productivity and its Proximate Sources, 2020, pp 1-8 from Springer

Abstract: Abstract This book introduces a modern club convergence framework to study the cross-country dynamics of labor productivity and its proximate sources: capital accumulation and aggregate efficiency. This chapter starts by outlining the contents of the book in terms of research questions that will be answered in subsequent chapters. Next, it provides a first overview of the data by illustrating the large and increasing productivity differences that observed across countries. It concludes by pointing out the need for a club convergence framework to further improve our understanding of the economic performance of developed and developing countries.

Keywords: Convergence; Labor productivity; Physical capital; Human capital; Development; Productivity determinants (search for similar items in EconPapers)
Date: 2020
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Persistent link: https://EconPapers.repec.org/RePEc:spr:spbchp:978-981-15-8629-3_1

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DOI: 10.1007/978-981-15-8629-3_1

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