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Deflation? What Deflation? Statistical Origins of Japan’s Declining Price Levels
Although Japan’s CPI is often criticized for potential upward bias, it deals with improvements in the quality of individual goods in ways that make the statistical inflation rate much lower than actual price changes. Moreover, the quantitative importance of this effect has risen progressively since the early 2000s due to increased weights of technology-intensive...
World Economics 16.1: Digital Edition
This digital edition of World Economics explores the use and misuse of GDP data, using data to assess the impact on public expenditure and Igors Kasjanovs of the Central Bank of Latvia considers the Middle Income Trap issues facing citizens.
World Economics 15.4: Measuring Wealth
The latest issue of World Economics visits the topic of measuring wealth. Scott MacDonald looks at How Wealthy the Chinese really are while Dariana Tani evaluates the need for establishing a system for natural capital accounts.
World Economics 15.3: Economic Measurement
The latest issue of World Economics reviews the topic of economic measurement. Nomaan Majid reviews employment data in Developing countries while Brian Sturgess analyses the real levels of GDP in the Asia-Pacific region.
World Economics 15.2: Money
The latest issue of World Economics reviews the topic of Money. Tim Congdon looks at the cause of the Great Recession and Ryland Thomas and Christopher Balding consider the macro-economic impact of good quality data for the UK and China.
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The World Economics Journal archive spans 16 years and over 600+ articles from Pension Reform, Green Economics, Finance and Investment, Africa to Capital flight and Infrastructure investment benefits.
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Volume 16, Number 1: January - March
Measuring GDP in North and South America
The availability of resources has an impact on the quality and reliability of economic statistics. Chile and Mexico, both OECD members...
GDP as the champion of measurements
This paper considers the importance of measurement in complex societies and notes that the concept of measuring macroeconomic variables such as GDP was grounded in the impact of the 1929 Wall Street Crash on America.
The Illusory Economic Gains from Hosting the Olympics & World Cup
Scholarly evidence suggests that hosting either event is no economic bargain for the host city or country. Short-run costs for venue construction and operations invariably exceed Games-related revenues by billions of dollars and long-term gains are elusive.
The Poverty of Statistics: Military Power, Defence Expenditure and Strategic Balance
Correlations of War data are employed to show that the relationship between pre-war military expenditure and army size and outcomes of war on the other. States with higher military expenditure prevailed in only six of the nine conflicts between great powers examined in this research.
Is part of the Latvian economy already in the middle-income trap?
The paper considers whether or not an observed moderation of growth rates in Latvia suggest that the country may be stuck in a Middle Income Trap (MIT) making it incapable of advancing to the next, higher-income level.
Volume 15, Number 4: October - December 2014
How Wealthy are the Chinese?
This paper looks at the available data about the number of high and ultra-high net worth individuals in China.
Employment in India
A review of the emerging issues and dynamics in various segments of the Indian labour market.
Measuring Natural Capital
This paper is to highlight the importance of establishing a system of natural capital accounting.
Applying Reputation Data to
Enhance Investment Performance
The uses of reputation data to analyse the share price performance of companies identified as over or under-valued.
The Economic Future of Europe
What does the economic future hold for Europe? the aftermath of the 2008 crisis, four macroeconomic threats have been subject to heated debates by economists and politicians....
Counting the Costs of Political
Violence in Bahrain
This paper looks at the sources and types of data necessary to measure the true economic cost of political instability and violence.
The Endless Business of Reforming the IMF
A review Joseph P. Joyce’s thought-provoking book
The IMF and global financial crises: Phoenix rising?
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