scholarly journals Real GDP Per Capita in Developed Countries

2006 ◽  
Author(s):  
Ivan Kitov
Keyword(s):  
Developed Countries ◽  
Gdp Per Capita ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita

Exploring the North–South Gap Longitudinally

2003 ◽  
Vol 4 (1) ◽  
pp. 77-102 ◽  
Author(s):  
RAFAEL REUVENY ◽  
WILLIAM R. THOMPSON
Keyword(s):  
Developed Countries ◽  
Gdp Per Capita ◽  
Economic Convergence ◽  
The North ◽  
Real Gdp ◽  
Serial Data ◽  
Real Gdp Per Capita ◽  
Growth Prospects ◽  
Per Capita ◽  
Global Economic Growth

Previous studies on economic convergence have been handicapped by the lack of sufficient serial data. Real GDP per capita are now available for 56 states. With some interpolation, we create series from 1870 to 1992 for Northern (developed countries) and Southern (lesser developed countries) aggregates. The data are explored by extending the leadership-long cycle perspective to deal with convergence. We find that North–South inequalities, at least those based on GDP per capita data, have been expanding. The corresponding growth rates reveal long waves, providing an important clue related to iterations of radical technological changes and their incomplete diffusion in explaining the North–South gap. We believe that convergence is unlikely any time soon without radical restructuring of global economic growth prospects.

Research on Formation of Kondratiev Сycles in Canadian Economy

2016 ◽  
Vol 4 (1) ◽  
pp. 34-40
Author(s):  
Шишкин ◽  
Andrey Shishkin
Keyword(s):  
Twentieth Century ◽  
Time Series ◽  
Developed Countries ◽  
Time Frame ◽  
Gdp Per Capita ◽  
Short Term ◽  
Real Gdp ◽  
Technological Structure ◽  
Real Gdp Per Capita ◽  
Per Capita

This work is devoted to analysis of the formation of Kondratiev cycles in 1870– 2008.The study aims to obtain data about the possible formation of long cycles on the basis of spectral analysis of deviations from the trend of the time series of real GDP per capita. The study notes that the Kondratiev cycles had gainedthe greatest power by the early twentieth century. This is most clearly seen in the 1930s. Later during the study, we found that the power of the Kondratiev cycles is waning and becomes minimal by 1960. All the decreasingsegments of Kondratiev cycles do no exhibitneither bursts of power, nor any short-term increases in capacity. This study suggests that in the Canadian economy, the change of technological orders by the end of the twentieth century was notshaped in accordance with the time frame outlined by the Kondratiev cycles. For example, cycles with a period of 33,3 years had the most power,which may indicate that by the end of the twentieth century a change in technological structure has a shorter time framefor developed countries.

Measuring the Impact of Tourism on Economic Growth

2007 ◽  
Vol 13 (3) ◽  
pp. 379-388 ◽  
Author(s):  
Stanislav Ivanov ◽  
Craig Webster
Keyword(s):  
Economic Growth ◽  
General Equilibrium ◽  
Computable General Equilibrium ◽  
Gdp Per Capita ◽  
Equilibrium Models ◽  
Computable General Equilibrium Models ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
The Impact

This paper presents a methodology for measuring the contribution of tourism to an economy's growth, which is tested with data for Cyprus, Greece and Spain. The authors use the growth of real GDP per capita as a measure of economic growth and disaggregate it into economic growth generated by tourism and economic growth generated by other industries. The methodology is compared with other existing methodologies; namely, Tourism Satellite Account, Computable General Equilibrium models and econometric modelling of economic growth.

EXPORT-GROWTH NEXUS WHILE USING THE BLOCK EXOGENEITY: EMPIRICAL EVIDENCE FROM PAKISTAN

2020 ◽  
Vol 11 (1) ◽  
pp. 25-46
Author(s):  
Zia Ur Rahman
Keyword(s):  
Economic Growth ◽  
Trade Openness ◽  
Time Frame ◽  
Capital Formation ◽  
Gdp Per Capita ◽  
Real Gdp ◽  
Real Gdp Per Capita ◽  
Per Capita ◽  
Import Trade ◽  
Bound Test

The core objective of the study is to analyze the association between export and eco-nomic growth under the consideration of the time frame 1967 to 2017 for Pakistan economy. The review of literature assists to find out the frequently utilize factors are the real GDP per capita, export, import, trade openness, fiscal development and capi-tal formation possible determinants of the economic growth. However, Export Led Growth (ELG) hypothesis is oftenly employed to elaborate the affiliation between ex-port and the growth. Autoregressive distributed lag (ARDL) bound test approach to cointegration accompanied with the structural break and vector auto regressive (VAR) are employed to analysis the long-term association among real GDP per capita, ex-port, import, trade openness, fiscal development and capital formation. The empirical analysis confirms the cointegration among the factors and the ELG hypothesis holds in Pakistan economy. The Block Exogeneity reveals that export and the capital for-mation have strong influence to stimulate the economic growth. While all the other factors have cumulative influence on the growth. Moreover, the impulse response exposes that if the shock of real GDP per capita, import, trade openness, fiscal devel-opment and the capital formation are given to the export, then response of export would be positive in the coming time frame.

The Finnish Economy Through the Prism of the Theory of Long Waves

2016 ◽  
Vol 4 (4) ◽  
pp. 16-22
Author(s):  
Аверина ◽  
Tatyana Averina ◽  
Иванова ◽  
O. Ivanova
Keyword(s):  
Mathematical Modeling ◽  
Business Cycles ◽  
Long Waves ◽  
Gdp Per Capita ◽  
The Third ◽  
Real Gdp ◽  
Long Duration ◽  
Real Gdp Per Capita ◽  
Kondratieff Cycles ◽  
Per Capita

The article presents the research results of Kondratieff cycles in the economy of Finland on the basis of real GDP per capita over the period of 1860–2008 years. The using of economic and mathematical modeling has allowed estimating the power of long duration business cycles, revealing the chronological framework of long waves: the third, fourth and fifth. Kondratieff’s theory has served as a methodological basis for the study of processes: the emergence, the domination and the withering away of technological structures. Regression analysis has allowed establishing the productivity of different technological structures in the Finnish economy.

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