Income Polarization, Convergence Tools and Mixture Analysis
AbstractModeling 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.
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Bibliographic InfoPaper provided by University of Miami, Department of Economics in its series Working Papers with number 2011-17.
Length: 38 pages
Date of creation: 14 Dec 2011
Date of revision:
Publication status: Forthcoming: Under Review
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Convergence; Orientation; Mixture Densities;
Find related papers by JEL classification:
- O0 - Economic Development, Technological Change, and Growth - - General
- C1 - Mathematical and Quantitative Methods - - Econometric and Statistical Methods and Methodology: General
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