Human Capital Threshold Effects in Economic Development: A Panel Data Approach With Endogenous Threshold

Christopoulos, Dimitris; Smyrnakis, Dimitris; Tzavalis, Elias

doi:10.2139/ssrn.4240853

SSRN Journal

2022

DOI: 10.2139/ssrn.4240853

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Human Capital Threshold Effects in Economic Development: A Panel Data Approach With Endogenous Threshold

Dimitris Christopoulos

Dimitris Smyrnakis

Elias Tzavalis

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2024

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Club convergence of sustainable development: fresh evidence from developing and developed countries

Eleftheriou,

Nijkamp,

Polemis

2024

Econ Change Restruct

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Sustainability is a process that characterizes in a broad sense a nation’s ecological performance and may display a time-varying pattern. Such dynamic trajectories may vary among different countries and prompt not only intriguing questions on space–time convergence but also on the possibility of club convergence. The scope of this study is to investigate the long-run convergence pattern of 137 countries, as presented by their sustainable development index (SDI) over the period 1990–2019. The statistical–econometric analysis used to identify convergence across (groups of) countries is based on the advanced Phillips and Sul (JAE 24:1153–1185, 2009; ECTA 75:1771–1855, 2007) method. The empirical findings from our study allow us to identify two SDI convergence clubs of countries. The first and the biggest club includes mainly the developing African and Asian countries; whereas, the second club includes many OECD countries including inter alia the US, Canada, and Australia. Our analysis brings to light that the transition paths of these two clubs show a significant divergence pattern; this a-symmetry calls also into question the effectiveness of global green policies, such as the clean development mechanism as foreseen in the Kyoto protocol.

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Club convergence of sustainable development: fresh evidence from developing and developed countries

Eleftheriou,

Nijkamp,

Polemis

2024

Econ Change Restruct

View full text Add to dashboard Cite

show abstract

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Human Capital Threshold Effects in Economic Development: A Panel Data Approach With Endogenous Threshold

Cited by 1 publication

References 63 publications

Club convergence of sustainable development: fresh evidence from developing and developed countries

Club convergence of sustainable development: fresh evidence from developing and developed countries

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