The hypothesis of export-led growth is tested using annual time series data for Australia. The analysis reveals that both exports and the GDP series in log levels have unit roots but they do not cointegrate. However, there is evidence of Granger causality running from exports to GDP growth...

The paper proposes a modified human development index (HDI) which complies with the view of the Sen and others that an increase in the value of a physical indicator at a higher level represents a greater achievement than an equal increase in its value at the lower level. It also includes an...

This paper presents an international comparison of the quality of life based on two ordinal measures, namely, the Borda and Copeland scores. The data on 11 indicators/attributes of well-being available for 109 countries are used to compute these measures. The study reveals that both the measures...