Clustering and polarization in the distribution of output: A multivariate perspective

Michele Battisti, Christopher Parmeter

Research output: Contribution to journalArticle

6 Citations (Scopus)

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.

Original languageEnglish (US)
Pages (from-to)144-162
Number of pages19
JournalJournal of Macroeconomics
Volume35
Issue number1
DOIs
StatePublished - Mar 1 2013

Fingerprint

Polarization
Clubs
Clustering
Economic growth
Per capita income
Constitution
Modeling

Keywords

  • Convergence
  • Mixture densities
  • Orientation

ASJC Scopus subject areas

  • Economics and Econometrics

Cite this

Clustering and polarization in the distribution of output : A multivariate perspective. / Battisti, Michele; Parmeter, Christopher.

In: Journal of Macroeconomics, Vol. 35, No. 1, 01.03.2013, p. 144-162.

Research output: Contribution to journalArticle

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