This note elaborates on a potential misinterpretation of the convergence speeds that are associated with the beta-convergence effect. Practitioners and certain researchers often commit the common error of using the results from the logarithmic measure of the income gap to interpret the speed of...

This article investigates the barriers to energy efficiency at the residential sector within one province in China and explores patterns of household electricity consumption. The article presents the results of a survey questionnaire distributed to more than 600 households in Liaoning Province,...

This paper identifies emerging trends in the world economy during the next decade. The first is that China will overtake the U.S. in terms of gross domestic product (GDP), ending more than a century of U.S. leadership as the world's largest economy. The second is that Developing Asia, excluding...

African countries are facing great opportunities but also formidable challenges in accelerating economic growth and sustaining a high level of economic performance. The experiences of East Asian countries may offer valuable insights for African leaders and governments in making concerted efforts...

This paper analyses the effects of China and India on manufactured exports of the G7 economies. The following three findings stand out. First, the rivalry effect of China is robustly significant in all investigated markets, including the world and the G7 countries collectively and individually,...

Vietnam has achieved impressive economic growth since the dramatic deepening of its economic reforms in March 1989. Although Vietnam's achievements are laudable, the economy appears to face increasingly serious challenges to sustained, robust economic performance in the long term. This paper...

The massive reconfiguration of the world economy over the next decade will lead to a New Economic Order by 2020. China will displace the U.S. as the world's leading economy and India will overtake Japan. This will shift the balance of the G20 from the leading industrialized economies of the G7...

Singapore's remarkable success in economic development has been strongly associated with the country's vigorous efforts to embrace the Information and Communication Technology ICT revolution to promote economic growth. This study provides a comprehensive investigation of the contributions of ICT...

This paper analyses the sources of Singapore's GDP and labor productivity growth in 1965–2008 and reveals insights into related trends and patterns. The study documents four main findings. Firstly, both GDP and average labor productivity (ALP) growth in Singapore tended to decline during this...

This paper addresses the impact of investment in information technology (IT) on the recent resurgence of world economic growth. We describe the growth of the world economy, seven regions and 14 major economies during the period 1989–2003. We allocate the growth of world output between input...