Income Polarization, Convergence Tools and Mixture Analysis
Michele Battisti and
Christopher Parmeter
No 2011-17, Working Papers from University of Miami, Department of Economics
Abstract:
Modeling the cross-country distribution of per capita using mixture analysis provides a natural platform for the recovery or 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 the clubs. This paper takes a fresh look at the sources contributing to the emergence of clubs in the distribution of cross-country output using bivariate and multivariate mixture analysis.
Keywords: Convergence; Orientation; Mixture Densities (search for similar items in EconPapers)
JEL-codes: C1 O0 (search for similar items in EconPapers)
Pages: 38 pages
Date: 2011-12-14
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Citations: View citations in EconPapers (6)
Forthcoming: Under Review
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https://www.herbert.miami.edu/_assets/files/repec/wp2011-17.pdf First version, 2011 (application/pdf)
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Persistent link: https://EconPapers.repec.org/RePEc:mia:wpaper:2011-17
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