This paper studies Venezuelan economic performance from 1950 to 1998. We show that there exist wide divergences in many commonly used estimates of GDP growth and discuss the sources of those differences. We show that the choice of base year and linking techniques are crucial for the diagnosis of economic growth, and argue that the aggregate GDP and TFP growth numbers are distorted by cuts in oi...

Although the differentiation of economic developments between countries has spread over a long period time, markets are going through similar fragile periods due to globalization. With popularity free market economy all world, it become more common for country groups be compared with each other. This study deals comparison selected indicators Turkey and Japan in 1973 OPEC Crisis, 1994 Asian 200...

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this paper has examined the phenomenon of convergence of per capita out put levels across the ic countries for the 1960-1998 periods. three concepts of convergence, i.e., sigma beta and relative beta, have been used. the estimated beta values reveals only a very weak convergence (?=.0014) across ic for 1960-1998 period. but when a more homogeneous group of countries were selected, the results s...