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...

This paper examines the changes in the farm sector wealth from 1950 through 1999. The study uses Theil's entropy-based measure of inequality of farm equity by ten regions of the U.S. The entropy-measure is then used to decompose U.S. inequality into within-region and between-region differences....

The purpose of this paper is to empirically analyze determinants of income-level convergence. Specifically, the effect of human capital on per capita income is estimated for 22 countries of the organization for Economic Cooperation and Development (OECD). Additionally, the effects of openness in...

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...

Using the Penn World Tables for 1950-1992, we summarize the gross domestic product development of 114 non-Communist countries by means of five regions: the North, the South (“down underâ€), tropical America plus southwest Asia, southeast Asia, and tropical Africa plus south-central...

This paper uses Theil's (1979) entropy-based measure of inequality and farm-level data to examine changes in farm business wealth (farm equity) of farm households. The farms associated with farm households are grouped by state into ten regions of the United States. The Theil entropy measure is...