Bajaj, Rakesh; Srivastava, Amit - In: The IUP Journal of Applied Economics VIII (2009) 3-4, pp. 107-115
: The present paper tests the projected convergence pattern of per capita GDP of Brazil, Russia, India and China (also known as the BRIC economies) using a comparatively new technique, the fuzzy clustering algorithm. The analysis, based on Goldman Sachs annual report of 2003, shows that by the...