1. Time (01 10, 1977), p. 50: “The foreign money entering Israel spurred growth that has given Isarel a G.N.P. only a shade smaller than that of Egypt, though its population, at 3.3 million, is less than a tenth the size.”
2. Donald C. Mead , Growth and Structural Change in the Egyptian Economy). Equation (3) is based on 45 observations of per capita dollar GNP, as estimated by equation (2), and per capita national oil output, of which 13 pertained to Kuwait (for the years 1960–1972), 13 to Saudi Arabia (1960–1972), II to Libya (1962–1972), 6 to Oman (1967–1972), and I each (for 1972) to Bahrein and the Emirates. Sources of data on national currency GNP in these six countries, needed for the estimation of dollar GNP via equation (2), are given in n.j of the Appendix. Data on oil revenue and prices were obtained from OPEC, Annual Statistical Bulletin, 1973. R2 for equation (3) was 0.96.
3. Barlow , “Test of Alternative Methods,” p. 455.
4. A Test of Alternative Methods of Making GNP Comparisons;Robin;Economic Journal,1977
5. International Comparisons of Income Levels: A Suggested New Measure;Wilfred;Economic Journal,1966