World Economics

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Statistical Data Collection Challenges amid COVID-19 Pandemic
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Theodore Pelagidis & Eleftheria Kostika, World Economics, December 2020
The importance of reliable statistical data is even more urgent in the context of the coronavirus crisis, in terms of managing the risks for public health, restarting the world economy and addressing the long-term economic and social impact of the pandemic. Government lockdowns, social distancing and work from home restrictions, imposed to contain the spread of COVID-19, pose important challenges to statistical data collection and analysis. The unavailability of data sources and the pausing of face-to-face interviews and surveys has had an adverse impact on data quality and processing. Innovation and coordination between all parties involved in the process is required in order to develop new ways of conducting less complex surveys and questionnaires, while keeping a direct and interactive communication with respondents.
CPI in the Time of Coronavirus
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Kam Yu, World Economics, June 2020
The spread of the COVID-19 around the world started in January 2020. Many countries implemented an activity lockdown after the World Health Organization announced pandemic status. Businesses have been ordered by governments to impose severe restrictions on their activities and transactions. Office workers shift their work home, schools are closed, and many factories are shut down. Just before economic lockdown and social distancing policies were announced, total consumer expenditures ?rst spiked, owing to panic buying, and then collapsed after about two weeks. These large ?uctuations in shares of relative expenditure have a profound impact on data collection and calculation of official statistics. This short article focuses on the consumer price index (CPI).
Asset Poverty in India
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Swati Dutta, World Economics, September 2013
In order to formulate policy to target the correctly identified rural poor in India, focus on an income poverty measure alone is insufficient. The purpose of this research is to study a new area of poverty measurement based on data that detail a household’s access to basic assets. The study has used the secondary data source provided by the Demographic and Health Survey (DHS) for the time period of 1992, 1998 and 2005. In order to construct the asset index the technique of multiple correspondence analysis is used. A discussion of trends in asset poverty in various states in India follows, together with the policies they need to adopt depending on their state of poverty.
A Multi-coloured GDP -or No New GDP at All?
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Horst Zimmermann, World Economics, September 2000
This is a reply to Giles Atkinson’s article ‘Re-thinking Economic Progress’ that appeared in the first issue of World Economics (Vol. 1, No. 1, January – March 2000). Atkinson discussed proposals for the construction of ‘green’ alternatives to Gross Domestic Product (GDP). In the same issue, Amanda Rowlatt in her article ‘Extending the UK National Accounts’, discussed the role of ‘satellite accounts’, including measures of effects on the environment. Professor Zimmermann’s contention is that the concept of a ‘green GDP’ would lead to a one-sided measure which cannot be used for the many purposes for which normal GDP as a comprehensive measure can be used. A GDP corrected for depletion of environmental stocks would have to be supplemented by one corrected for changes in human capital, another one dealing with health capital, etc. Completing the set leads to the older concept of Net Economic Welfare or something similar. Only this would again be a comprehensive measure and could replace GDP.
Reply to Professor Zimmermann
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Giles Atkinson, World Economics, September 2000
Giles Atkinson replies to Professor Zimmermann’s "A Multi-coloured GDP -or No New GDP at All?"[World Economics, Vol 1 No 3 July-September 2000]
Extending the UK National Accounts
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Amanda Rowlatt, World Economics, March 2000
The national accounts measure economic activity. The UK is developing "satellite accounts" which use the framework of the national accounts but aim to quantify other aspects of living standards. This article starts by comparing satellite accounts with the use of indicators to measure the quality of life. It then reports on progress with the UK environmental accounts, and with the household accounts, which measure the productive unpaid work done in the home. It concludes with a discussion of the scope for developing a wider range of satellite accounts for the UK.

Displaying: 1-6 of 6