15 Jan 2008
In Praise of Bean Counters: PPP GDP Data and the World Bank
Courtesy of Rodrik’s blog. I do have an issue with the description of what Einstein’s response to data would be but that is mostly irrelevant. Also, while PPP is largely the measure used for adjusting market exchange rates, I wouldn’t call it ‘the key,’ as it has serious shortcomings.
Fact Check, Reality Check? New GDP Data
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