Income convergence: fresh evidence from the Nordic countries

One Share – One Vote - new evidence from the Nordic countries

This paper examines how ownership concentration affects investment performance, and in particular how deviations from the one share-one vote principle affect this ownershipperformance relationship. Using a unique panel from the Nordic countries the so-called incentive and managerial entrenchment effects are isolated. To this end a measure of marginal q is used to evaluate performance. This is a...

New Evidence on the Convergence of International Income from a Group of 29 Countries

This paper updates and extends the time-series evidence on the convergence of international incomes using a set of 29 countries over the period 1900-2001. Time-series tests for stochastic convergence are supplemented with tests which provide evidence on the notion of “$-convergence” predicted by the Solow model. The evidence indicates that the relative income series of 21 countries are consiste...

Income inequality and poverty : Do the nordic countries still constitute

Income Elasticities of Electric Power Consumption: Evidence from African Countries

The paper examines the income elasticity of electric power consumption power (YEEPC) in Africa. This study constitutes the first attempt to explore the relationship between electricity consumption per capita and real GDP per capita for 16 African countries in a panel dimension over the period 1971 – 2002. Bi-directional causality exists and all tests support a long run relationship between the ...

Social Capital and Relative Income Concerns: Evidence from 26 Countries

Research evidence on the impact of relative income position on individuals’ attitudes and behaviour is sorely lacking. Therefore, using the International Social Survey Programme 1998 data from 26 countries this paper investigates the impact of relative income on 14 measurements of social capital. We find support for a considerable deleterious positional concern effect of persons below the refer...