The R Journal: article published in 2019, volume 11:2

ConvergenceClubs: A Package for Performing the Phillips and Sul's Club Convergence Clustering Procedure
Roberto Sichera and Pietro Pizzuto , The R Journal (2019) 11:2, pages 142-151.

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: 2018-12-06; online 2019-08-16, supplementary material, (907 B)
CRAN packages: ConvergenceClubs, mFilter
CRAN Task Views implied by cited CRAN packages: TimeSeries

This article and supplementary materials are licensed under a Creative Commons Attribution 4.0 International license.

@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://doi.org/10.32614/RJ-2019-021},
  pages = {142--151},
  volume = {11},
  number = {2}
}