Using the Penn World Tables for 1950-1992, we summarize the gross domestic product development of 114 non-Communist countries by means of five regions: the North, the South (“down underâ€), tropical America plus southwest Asia, southeast Asia, and tropical Africa plus south-central...

Purchasing power parity-based data for gross domestic products are used to assess the affluence of the G-7 countries in the period 1885-1994. A simple Cobb-Douglas model is developed for the eligibility to this Group of Seven.

Data from the International Comparison Project are used to analyze the development of the real gross domestic products (GDPs) of the G-7 countries from 1950-1988. For the group as a whole, per capita GDP increased almost threefold in this period, whereas the inequality among the seven countries...

We fit the Florida Model with an AR(1) error structure to pooled cross-country International Comparison Project (ICP) data of Seale, Walker, and Kim and estimate the model with the minimum information (MI) estimator. Point estimates obtained by MI are similar in value to those obtained by Seale,...

Policy analysis is complicated by the myriad of benefits and costs generated by the use of natural resources. This study develops three benefits that must be considered in the granting of a consumptive use permit for water filed by Adena Springs Ranch, east of Ocala, Florida. This ranch is...

This study analyzes the value of agricultural research to Florida by examining the effect of research spending on agricultural productivity, as measured by a total factor productivity index, and profitability, as measured by net farm income. Results suggest that research expenditures do increase...

The purpose of this paper is to empirically analyze determinants of income-level convergence. Specifically, the effect of human capital on per capita income is estimated for 22 countries of the organization for Economic Cooperation and Development (OECD). Additionally, the effects of openness in...

Theil’s inequality index is used to measure convergence in 14 Organization for Economic Cooperation and Development (OECD) countries in terms of per capita income, per capita government and investment expenditures, and industrial employment. Results indicate that all four variables have...