Did global income inequality rise or fall over the last decades of the twentieth century? The answer depends on how cross-country income comparisons are made. Exchange rate comparisons suggest that inequality rose whilst the purchasing power comparisons of the Penn World Table suggest it fell....

Panel data is analyzed on government consumption and C-DP growth in 116 countries, 1950-90. The purported positive impact of government growth on GDP growth is due to simultaneity bias. The negative cross-national correlation between government size and economic growth reflects in part an...

A model is developed highlighting interactions between firm-level union-employer bargaining and industry-level oligopolistic price-setting, combining models of parametric conjectural variation oligopoly and asymmetric Nash-bargaining. Wages can only be bargained up if product market behavior is...

Data on volumes and prices of consumption and investment are used to compare Australian real GDP for 1990 with the other OECD countries. Australian consumption patterns, including leisure, and price structure are very different from most other countries and especially from those of Japan. The...

Various hypotheses are examined seeking to explain inter-country convergence at the upper end, but divergence at the lower end, of the world income rankings. A model of disequilibrium growth with sector-specific technological progress and spillover is developed and then estimated on two samples...

Two recently improved sets of cross-country panel data are combined in order to re-examine the effects of population growth and fertility on economic growth. Using a 107 country panel data set covering 1960-85, we find that high birth rates appear to reduce economic growth through investment...