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Data Papers on International comparison

Now You See Them, Now You Don’t: the Case of the Shrinking Global Economic Imbalances Now You See Them, Now You Don’t: the Case of the Shrinking Global Economic Imbalances
Graham Bird, World Economics, December 2016
Global economic imbalances in the mid-2000s reached a level that many commentators viewed as unsustainable. The claim was frequently made that the imbalances contributed significantly to causing the world-wide financial and economic crisis at the end of the decade. Sinc ... More

Costing a Data Revolution Costing a Data Revolution
Gabriel Demombynes & Justin Sandefur, World Economics, September 2015
The lack of reliable development statistics for many poor countries has led the U.N. to call for a “data revolution” (United Nations, 2013). One fairly narrow but widespread interpretation of this revolution is for international aid donors to fund a coordinated wave of ... More

Understanding Commercial Property Price indexes Understanding Commercial Property Price indexes
Mick Silver, World Economics, September 2013
The type of database used for the measurement of commercial property price indexes (CPPIs) dictates the potential weaknesses in the resulting indexes and limitations of the methods available for measuring the indexes. Two major types of data are appraisals of the value ... More

Poor Economic Statistics Fuel China’s Low Consumption Myth Poor Economic Statistics Fuel China’s Low Consumption Myth
Jun Zhang & Tian Zhu, World Economics, June 2013
The generally held belief that China’s consumption is too low is a myth based on inadequate theory, a misreading of official statistics and the use of market exchange rates for making international comparisons. Chinese official statistics underestimate consumption expen ... More

The ‘Good Global Citizen’ Remit of the IMF The ‘Good Global Citizen’ Remit of the IMF: Reforming international economic and financial cooperation
Biagio Bossone & Roberta Marra, World Economics, March 2013
In the highly globalized world economy of our times, where markets are tightly integrated, setting domestic economic policy with a view simply to keeping one’s house in order is no longer optimal. New responsibilities follow for each member of the community of countries ... More

Building on Angus Maddison’s Work Building on Angus Maddison’s Work
David Henderson, World Economics, September 2010
Angus Maddison died last April. As can be seen on his website, he left an impressive legacy of books, articles and tables of key figures. For many, his single most notable and distinctive contribution is the set of tables entitled Statistics on World Population, GDP ... More

The Work of Angus Maddison The Work of Angus Maddison: Angus Maddison (1927–2010)
Sir Alan Peacock, World Economics, September 2010
The late Angus Maddison (1927-2010) made an outstanding contribution to economics and economic history. Following a career as a senior economist in the Organisation for Economic Co-operation and Development (OECD) he worked on a monumental statistical analysis of the hi ... More

Maddison and Wu: ‘Measuring China’s Economic Performance’ Maddison and Wu: ‘Measuring China’s Economic Performance’
Yuri Dikhanov & Eric V. Swanson, World Economics, March 2010
Angus Maddison and Harry Wu (2008) claim that, in 2003, China’s GDP was 73% of that of the United States on a purchasing power parity (PPP) basis. Rejecting the results of the 2005 International Comparison Program (ICP), they construct their own PPP using a 1986 GDP est ... More

International Comparisons of GDP International Comparisons of GDP: Is there an alternative to PPPs to obtain real GDP estimates?
Elio Lancieri, World Economics, September 2008
The recent publication by the World Bank of PPP-GDP estimates for 2005, referred to 146 countries, seems a good occasion to reopen the long-standing debate on the use of Purchasing Power Parities. While theoretical speculations on the subject have continued, no estimate ... More

Measuring China’s Economic Performance Measuring China’s Economic Performance
Andreas (Andy) Jobst & Harry X. Wu, World Economics, June 2008
China is the world’s fastest growing economy and is also the second largest. However, the official estimates of the Chinese National Bureau of Statistics exaggerate GDP growth and need adjustment to conform to international norms as set out in the 1993 System of Nationa ... More

International Comparisons of GDP International Comparisons of GDP: Issues of theory and practice
Ian Castles & David Henderson, World Economics, March 2005
When it comes to making international comparisons of real GDP, different views, conventions and practices are still in evidence. The authors set out the case for using purchasing power parity (PPP) converters for this purpose, rather than conversions based on exchang ... More

From Big Macs to iMacs From Big Macs to iMacs: What do international price comparisons tell us?
Jonathan Haskel & Holger Wolf, World Economics, June 2000
The authors review recent international price comparisons to examine the veracity of claims about “rip-off Britain”. They reach three conclusions. First, methodologically, the data requirements for a meaningful price comparison are very demanding and most of the evidenc ... More