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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...
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Food quality ratings can be used for product differentiation and strategic marketing. This article develops a differentiation measure based on the cross-entropy of two distributions for speciality coffees. It examines whether quality ratings achieve their objectives for speciality coffee supply...
Persistent link: https://www.econbiz.de/10008472964
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...
Persistent link: https://www.econbiz.de/10005320918
Income convergence among the G-7 countries was demonstrated using Theil's inequality (entropy) index. G-7 convergence was also found for three potential factors of influence on economic growth: government expenditure, investment expenditure, and industrial employment. Pairwise cointegration...
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