Beyond income: convergence in living standards, big time

African Development: Beyond Income Convergence

In examining some big questions on African development, we provide evidence that dynamics of some development indicators could support both endogenous and neoclassical growth theories in the convergence debate. This paper investigates convergence in real per capita GDP and inequality adjusted human development in 38 African countries, disaggregated into 10 homogenous panels based on regions (Su...

Income Convergence In Iranian Regions

Income, Expenditure and the Living Standards of UK Households

Despite the widespread use of income as a measure of household welfare, there is much to recommend the use of consumption. Indeed, standard economic arguments suggest that consumption expenditure will better reflect expected lifetime resources and many economists have been unequivocal in advocating its use. Slesnick (1993), for example, suggests that ‘From a theoretical perspective it is more a...

income convergence in iranian regions

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Looking back in time beyond the big bang

String theory can (in principle) describe gravity at all curvature scales, and can be applied to cosmology to look back in time beyond the Planck epoch. The duality symmetries of string theory suggest a cosmological picture in which the imprint of a primordial, pre-big bang phase could still be accessible to present observations. The predictive power of such a scenario relies, however, on our a...