ConvergenceClubs: A Package for Performing the Phillips and Sul's Club Convergence Clustering Procedure

Roberto Sichera, Pietro Pizzuto, Pietro Pizzuto, Roberto Sichera

Risultato della ricerca: Articlepeer review

6 Citazioni (Scopus)

Abstract

This paper introduces package ConvergenceClubs, which implements functions to perform the Phillips and Sul (2007, 2009) club convergence clustering procedure in a simple and reproducible manner. The approach proposed by Phillips and Sul to analyse the convergence patterns of groups of economies is formulated as a nonlinear time varying factor model that allows for different time paths as well as individual heterogeneity. Unlike other approaches in which economies are grouped a priori, it also allows the endogenous determination of convergence clubs. The algorithm, usage, and implementation details are discussed.
Lingua originaleEnglish
pagine (da-a)142-151
Numero di pagine10
RivistaTHE R JOURNAL
Volume11
Stato di pubblicazionePublished - 2019

All Science Journal Classification (ASJC) codes

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  • ???subjectarea.asjc.2600.2612???
  • ???subjectarea.asjc.1800.1804???

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