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...

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...

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 For those that do exist, most are outdated. Because elasticities change over time as income, prices, and market conditions change, outdated...

This paper considers an application of the differential approach to Japanese demand for beef imports from 1970 to 1993. Results of homothetic demand and negative (significant) own-price elasticities indicate that the Japanese did not discriminate against Australian beef, but the decrease in...

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...