6533b7d5fe1ef96bd1265284

RESEARCH PRODUCT

Clustering and Polarization in the Distribution of Output: A Multivariate Perspective.

Christopher F. ParmeterMichele Battisti

subject

Economics and EconometricsMultivariate statisticsbusiness.industryeducationPolarization (politics)UnivariateDistribution (economics)Convergence (economics)Bivariate analysisPer capita incomeConvergence Orientation Mixture densitiesStatisticsEconometricsEconomicsbusinessCluster analysisSettore SECS-P/01 - Economia Politicahuman activities

description

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.

yearjournalcountryeditionlanguage
2013-03-01
10.1016/j.jmacro.2012.10.003http://hdl.handle.net/10447/72669