Shocks to the international economy that occurred around 1973 may have altered the rate of convergence of national income across countries. Markov chains are used to examine whether the rate of convergence of national income was different pre- to post-1973 for a cross-section of 104 countries...

This article presents the first set of empirical results on the effects of the events of 11 September 2001, on individual flying demand using data collected before and after these atrocities.

This article presents a simple method for identifying distributional dynamic properties of economies using the ideas of concordance and discordance. It can be employed to examine the strength and validity of the results of other methods. The method has the advantage of comparing distributions at...

This note reports research undertaken to establish whether the factor price for labour has converged across regions of the European Union between 1980 and 1994. A Markov chain is employed to examine relative average regional pay for a cross-section of 57 EU regions. Results suggest average...

This article argues that an important influence on boys' decisions to stay on into post-compulsory education is the attainment of maths grades that differ from expectations.