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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...
Persistent link: https://www.econbiz.de/10009401152
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...
Persistent link: https://www.econbiz.de/10010617296
This paper examines the possibility that a country might follow the global technology frontier partially instead of fully. We develop an empirical test of this possibility, which measures by how much a country follows the frontier. The test shows that indeed most countries do not follow the...
Persistent link: https://www.econbiz.de/10010570820
In this paper we employ traditional beta, sigma, gamma-convergence tools to assess growth behaviour of groups of countries in connection with mixture densities. In the presence of mixtures, the standard methods to assess convergence are likely to be misleading. With respect to some recent papers...
Persistent link: https://www.econbiz.de/10008866040
This paper extends the standard growth regression model by adding an assumption that a country follows the global technology frontier either fully or partially. This additional assumption changes significantly the growth regression model and its results in three main ways. First, it shows that...
Persistent link: https://www.econbiz.de/10011083897