In this paper, we study the dynamics of economic growth for 140 countries during the period 1951–2003. The variables representing economic performance are levels and growth rates of per capita gross domestic product. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths of different countries. Then, a minimal spanning tree and a hierarchical tree are constructed from time series to help detect the existence of groups of countries sharing similar economic performance.
Brida, J.G., London, S., Punzo, L.F., Risso, A.W. (2011). An Alternative View of the Convergence Issue of Growth Empirics. GROWTH AND CHANGE, 42(3), 320-350.
An Alternative View of the Convergence Issue of Growth Empirics
PUNZO, LIONELLO FRANCO;
2011-01-01
Abstract
In this paper, we study the dynamics of economic growth for 140 countries during the period 1951–2003. The variables representing economic performance are levels and growth rates of per capita gross domestic product. Using the concept of economic regime, we introduce a notion of distance between the dynamical paths of different countries. Then, a minimal spanning tree and a hierarchical tree are constructed from time series to help detect the existence of groups of countries sharing similar economic performance.
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Growth and Change. 42(3) September 2011 320–350.pdf
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https://hdl.handle.net/11365/50152
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