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This paper proposes a pair-wise approach to testing for output convergence that considers all N(N-1)/2 possible pairs of log per capita output gaps across N economies. A general probabilistic definition of output convergence is also proposed, which suggests that all such output gap pairs must be...
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Tourism is currently one of the largest and most dynamically developing sectors of the world. In many countries, including Croatia, has an extremely important role in the economy. The aim of this paper is to analyse complex links that exist between the tourism industry and processes of economic...
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The main goal of the paper is to investigate relation between economic development and energy consumption in Croatia. This paper examines the casual relationship, using Granger test, between gross domestic products (GDP) and total primary energy consumption in Croatia. Analyzed period is from...
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