World Economics Journal Archive

The contents of all previous issues of World Economics are listed below. Subscribers have access to the complete back issue archive: click on titles to view abstracts and full text of articles (PDF). If you are not a subscriber, sign-up online now.


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Major Problems Persist with UK Price Inflation Data Major Problems Persist with UK Price Inflation Data
World Economics, March 2020
The Economics Affairs Committee of the House of Lords has published a damning report on the measurement of inflation statistics in the UK. The House of Lords Report number 246 Measuring Inflation accuses the UK Statistics Authority of being at risk of a “breach of its ... More


Global Population Data Quality Ratings Global Population Data Quality Ratings
World Economics, March 2020
The accuracy of population data varies widely across countries. The most comprehensive data on the number of people living in a territory and their demographic profile, a vital component for public sector economic and social planning and also for private sector needs, i ... More


The Alarming Problems Caused By Misleading Trade Data The Alarming Problems Caused By Misleading Trade Data
World Economics, March 2020
The fact that world exports do not match world imports indicates that there are serious problems with official trade statistics. Far too few economists and politicians will try to understand the murky reality behind these increasingly unreliable data. ... More


The Debate Over the Depreciation of Intangible Capital The Debate Over the Depreciation of Intangible Capital
Andrew Smithers, World Economics, March 2020
Spending on intellectual property (IP) is classed in national income accounts (NIA) as investment and represents a proportion of total investment as measured. It is, however, rapidly depreciated so that it has only a minor impact on gross domestic product (GDP). Some e ... More


Measuring Modern Business Investment: A Case Study for Germany Measuring Modern Business Investment: A Case Study for Germany
Michael Grömling, World Economics, March 2020
An extended concept for intangible investment does not lead to additional investment momentum in the case of Germany. This corresponds to experiences with former extension of investments in national accounts. Also, growth in real GDP and the related labour productivity ... More


Climate Change and Economic Policy Climate Change and Economic Policy
Julian Gough, World Economics, March 2020
Analysis of data for the last two decades showed global temperatures on a plateau and little correlation of global temperatures with the concentration of carbon dioxide in the atmosphere. The so-called ‘consensus’ theory of climate change is currently failing to predict ... More


Tackling the Double Injustice: How Citizens Evaluate Climate and Welfare Policies Tackling the Double Injustice: How Citizens Evaluate Climate and Welfare Policies
Max Koch & Martin Fritz, World Economics, March 2020
Ambitious climate policies have distributional consequences. These require countervailing social policies to keep climate targets acceptable for the electorate. This article analyses data from the European Social Survey as to whether attitudes in relation to climate an ... More


Cryptocurrency Challenges Sovereign Currency Cryptocurrency Challenges Sovereign Currency
George C. Georgiou, World Economics, March 2020
All national and international monetary structures have evolved to assist in the creation and management of sovereign fiat currencies. This sovereign currency status quo was suddenly upended with the arrival of the first cryptocurrency, Bitcoin, in 2008 which introduce ... More


New Theory of the Business Environment New Theory of the Business Environment: Comprehensive and multidimensional with political economy at its core
Michael Chibba, World Economics, March 2020
Political economy is a core factor in the business environment, where either convergence or divergence are essential characteristics. This paper outlines, with a formula, illustrations and five country ratings, a new theory of the business environment that is comprehens ... More


Fiscal Federalism: Data Analytics Perspective Fiscal Federalism: Data Analytics Perspective
Nitin Singh, World Economics, March 2020
Goods and service tax (GST) is a value-added tax which is levied on goods and services sold and consumed domestically within a country. Although GST is paid by customers it is remitted to the government by the businesses selling the goods and services. The implementatio ... More


Greek Economy: Between Optimism and Substandard Growth Greek Economy: Between Optimism and Substandard Growth
Theodore Pelagidis, World Economics, March 2020
Is Greece’s economy back to normal after the victory of liberal-conservatives in last summer’s elections? The Greek economy is certainly out of the doldrums but structural problems are still in place. The economy desperately needs foreign capital inflows, the most chall ... More


Coronavirus: The Case for Digital Money? Coronavirus: The Case for Digital Money?
Zura Kakushadze & Jim Kyung-Soo Liew , World Economics, March 2020
We discuss the advantages of adopting government-issued digital currencies and a supranational digital iCurrency. This will get rid of paper money, a ubiquitous medium for spreading germs, as highlighted by the recent coronavirus outbreak. We set forth three policy re ... More


The Impact of Income and Unemployment on Suicide in Scandinavian Countries The Impact of Income and Unemployment on Suicide in Scandinavian Countries
Balash Babayeva, World Economics, March 2020
This article experimentally investigates how economic factors in Scandinavian countries affected the suicide rates between 1991 and 2010. Notwithstanding factors affecting suicide in Scandinavian countries have been studied, there are no studies on the relationship betw ... More


The Socioeconomic Plight of Carpet Weavers of Kashmir The Socioeconomic Plight of Carpet Weavers of Kashmir
Tariq Ahmad Lone, Tariq Ahmad Bhat & Parveez Ahmad Lone, World Economics, March 2020
Weaving is a method of textile production in which two distinct sets of yarns or threads are interlaced at right angles to form a fabric or cloth. Kashmir handicraft products have earned worldwide fame for their attractive designs, functional utility and high-quality cr ... More