The R Journal: accepted article

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ConvergenceClubs: A Package for Performing the Phillips and Sul's Club Convergence Clustering Procedure PDF download
Roberto Sichera and Pietro Pizzuto

Abstract This paper introduces package ConvergenceClubs, which implements functions to perform the Phillips and Sul (2007, 2009) club convergence clustering procedure in a simple and reproducible manner. The approach proposed by Phillips and Sul to analyse the convergence 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. Unlike other approaches in which economies are grouped a priori, it also allows the endogenous determination of convergence clubs. The algorithm, usage, and implementation details are discussed.

Received: 2018-12-062018-12-07; online 2019-08-16, supplementary material, (907 bytes)
CRAN packages: ConvergenceClubs, mFilter
CRAN Task Views implied by cited CRAN packages: TimeSeries


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@article{RJ-2019-021,
  author = {Roberto Sichera and Pietro Pizzuto},
  title = {{ConvergenceClubs: A Package for Performing the Phillips and
          Sul's Club Convergence Clustering Procedure}},
  year = {2019},
  journal = {{The R Journal}},
  doi = {10.32614/RJ-2019-021},
  url = {https://journal.r-project.org/archive/2019/RJ-2019-021/index.html}
}