Economic growth and convergence : global analysis through econometric and hidden Markov models / Michał Bernardelli, Mariusz Próchniak and Bartosz Witkowski.

Bernardelli, Michał [Browse]
Abingdon, Oxon ; New York, NY : Routledge, 2021.
1 online resource


Related name
Routledge studies in the modern world economy [More in this series]
Restrictions note
Legal Deposit; Only available on premises controlled by the deposit library and to one user at any one time; The Legal Deposit Libraries (Non-Print Works) Regulations (UK).
Biographical/​Historical note
Michał Bernardelli is Associate Professor and Vice-Dean of Graduate Studies at the SGH Warsaw School of Economics. He is a Doctor of mathematics with habilitation in the field of economic sciences. The interdisciplinarity of his scientific works is based mainly on the use of the IT and mathematical apparatus to solve problems in areas related to data analysis and exploration, in particular in Big Data issues, predictive methods, and optimization. For almost 20 years, he was a lecturer at courses related to studiesin quantitative methods, as well as a consultant and contractor of many scientific and commercial projects. Mariusz Próchniak is Associate Professor, Head of Department of Economics II, and Dean of Collegium of World Economy at SGH Warsaw School of Economics. He is the author or co-author of many books and journal articles on macroeconomics, including economic growth, real economic convergence, and quantitative studies in macroeconomics. He teaches both micro- and macroeconomics at undergraduate, graduate, and postgraduate (including MBA) courses. Bartosz Witkowski is Full Professor, Head of the Institute of Econometrics, and Dean of Undergraduate Studies at SGH Warsaw School of Economics. He is the author and co-author of about 100 journal articles and books dedicated to the use of econometrics, particularly panel data, in economics and finance. His main research area is microeconometrics. For 20 years, he has been teaching various courses on econometrics and the use of quantitative methodsat each level of studies as well as co-operating with numerous institutions such as the National Bank of Poland or the World Bank for providing training and expertise in this area.
Summary note
"There are many different types of convergence within economics, as well as several methods to analyse each of them. This book addresses the concept of real economic convergence or the gradual levelling off of GDP per capita rates across economies. In addition to a detailed, holistic overview of the history and theory, the authors include a description of two modern methods of assessing the occurrence and rate of convergence, BMA-based and HMM-based, as well as the results of the empirical analysis. Readers will have access not only to the conventional econometric approach of beta convergence but also to an alternative one, allowing for the convergence issue to be expressed in the context of automatic pattern recognition. This approach is universal as it can be adapted to a variety of input data. The lowest aggregation level study investigates regional convergence through the case of Polish voivodships, where convergence toward the leader is tested. On a higher level of aggregation, the authors examine the existence of GDP convergence in such groups as the EU28, North Africa and the Middle East, Sub-Saharan Africa, South America, Caribbean, South-East Asia, Australia and Oceania or post-socialist countries. For each group, the real beta convergence is tested with the use of the two above-mentioned approaches. The results are widely discussed, broadly illustrated, interpreted, and compared. The analysis allows readers to draw interesting conclusions about the causes of convergence or the drivers behind divergence. The book will stimulate further research in the field but conducted from the point of view of individual countries"-- Provided by publisher.
Bibliographic references
Includes bibliographical references and index.
Reproduction note
Electronic reproduction. London Available via World Wide Web.
Source of description
Description based on online resource; title from digital title page (viewed on August 13, 2021).
Rights and reproductions note
Restricted: Printing from this resource is governed by The Legal Deposit Libraries (Non-Print Works) Regulations (UK) and UK copyright law currently in force.
  • 9781003171645 (electronic book)
  • 1003171648 (electronic book)
  • 9781000407198 (electronic book)
  • 1000407195 (electronic book)
  • 9781000407235 (electronic book : EPUB)
  • 1000407233 (electronic book : EPUB)
  • 10.4324/9781003171645.
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