Convergence Clubs in Labor Productivity

Carlos Mendez-Guerra

Chapter Chapter 4 in Convergence Clubs in Labor Productivity and its Proximate Sources, 2020, pp 33-39 from Springer

Abstract: Abstract This chapter studies convergence in labor productivity across developed and developing countries, respectively. Through the lens of a non-linear dynamic factor model, the cross-country dynamics of potential GDP per worker are evaluated over the 1990–2014 period. Results reject the hypothesis that all countries would eventually converge to a common steady-state growth path within their respective groups. Developed countries are characterized by three convergence clubs with largely separating trends. Developing countries are characterized by five convergence clubs. Most clubs are largely below the mean and continue diverging downwards.

Keywords: Club convergence; Labor productivity; Non-linear dynamic factor model; Developed countries; Developing countries (search for similar items in EconPapers)
Date: 2020
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DOI: 10.1007/978-981-15-8629-3_4

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