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In other words, current estimates of per workers productivity across countries are poor indicators of the reality, because the conceptualisation and empirical estimation of both numerator and denominator are riddled with problems. How do we solve this? It’s not clear what can be done within existing national accounts and statistical systems to make these problems go away: maybe the point is to search for a more reliable and valid indicator of human progress.... Real-World Economics Review BlogPPP exchange rates are riddled with problemsJayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi
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In other words, current estimates of per workers productivity across countries are poor indicators of the reality, because the conceptualisation and empirical estimation of both numerator and denominator are riddled with problems. How do we solve this? It’s not clear what can be done within existing national accounts and statistical systems to make these problems go away: maybe the point is to search for a more reliable and valid indicator of human progress.... Real-World Economics Review BlogPPP exchange rates are riddled with problemsJayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi
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Mike Norman considers the following as important:
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In other words, current estimates of per workers productivity across countries are poor indicators of the reality, because the conceptualisation and empirical estimation of both numerator and denominator are riddled with problems. How do we solve this? It’s not clear what can be done within existing national accounts and statistical systems to make these problems go away: maybe the point is to search for a more reliable and valid indicator of human progress....Real-World Economics Review Blog
PPP exchange rates are riddled with problems
Jayati Ghosh | Professor of Economics at the Centre for Economic Studies and Planning, School of Social Sciences, at the Jawaharlal Nehru University, in New Delhi