The paper presents the analysis outcomes on the catching-up process. Additionally, it seeks to identify the “convergence clubs” in cross-national section. It implements a traditional analysis of convergence, tracking the catching-up process as well as the per capita income dynamics across time. The author finds no statistically significant relationship between an average annual GDP PPP per capi...

The NASA Astrophysics Data System (ADS), along with astronomy's journals and data centers (a collaboration dubbed URANIA), has developed a distributed on-line digital library which has become the dominant means by which astronomers search, access and read their technical literature. Digital libraries permit the easy accumulation of a new type of bibliometric measure, the number of electronic ac...

The resilience test carried out by ZEW researchers includes all significant export-sector crises since the 1970s. This enables researchers to distinguish long-term crisis-management patterns within the observed economies that are not immediately evident when examining individual current crises. The study defines an export-sector crisis as a decline in exports relative to gross domestic product ...

Microfinance has been a topic of much interest recently, in particular the question of whether microfinance institutions can help poor clients while remaining financially sustainable. Recent research has fed hope that they can, suggesting that microfinance institutions are financially resilient to downturns in the domestic marketplace. Not only does this suggest that microfinance institutions m...

Some recent evidence on government finance statistics of European countries suggests that countries with public debt issues also show a low tax revenue-GDP ratio. In this paper we develop a small open economy model of endogenous growth in which the engine of growth is public spending. We assume that government can finance public expenditures by borrowing on imperfect international financial mar...

São Paulo is the richest and most populous state in Brazil. About one-fifth (33 million) of the country’s population of 155.8 million reside in São Paulo state. Its per capita gross domestic product (GDP) (US$7,574) is 72 per cent higher than the national GDP per capita (US$4,393). Thus, more than one-third (36.6 per cent) of Brazil’s GDP originates from the state (IBGE, various issues; FGV, va...

This paper uses Johansen multivariate cointegration analysis to examine the relationship between health and GDP for 13 OECD countries over the last two centuries, for periods ranging from 1820-2001 to 1921-2001. A similar, long run, cointegrating relationship between life expectancy and both total GDP and GDP per capita was found for all the countries estimated. The relationships have a signifi...

In light of Gross Domestic Product’s (GDP) well-known limitations as a wellbeing indicator, many alternative measures have been developed around the world. Some advocates of “beyond GDP” measures argue that they are key to shifting societal priorities away from economic growth toward sustainability, equity, and well-being. Is there any evidence to date that alternative indicators have lived up ...