HIGHLIGHTS
- who: Convergence Clustering, Procedure and Pietro, Pizzuto from the (UNIVERSITY) have published the article: ConvergenceClubs: A Package for Performing the Phillips and Sul’s Club Convergence Clustering Procedure, in the Journal: (JOURNAL)
- what: The approach proposed by Phillips and Sul to analyse the 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. In fact, panel data Xit are usually decomposed in the 1 For example, in the context of income convergence, the approach proposed by Phillips and Sul allows . . .
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