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...

We use international comparison data of Summers and Heston to trace the development of three regions in Western Europe: the countries currently outside the European Union (EEC), the EEC Center, and the EEC Periphery (Greece, Ireland, Portugal, and Spain). For each year during the period...

Elasticities of import demand and supply often drive economic models, but few empirical estimates of these elasticities exist for vegetables and fruits. For those that do exist, most are outdated. Because elasticities change over time as income, prices, and market conditions change, outdated...

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.

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...

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...

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...

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...