He who is first is now last: real GDP per capita of the East Asian Tigers since 1950
05 Nov 2015 1 Comment
in development economics, economic history, growth miracles Tags: East Asian Tigers, Hong Kong, Japan, Singapore, South Korea, Taiwan
Japan has gone first to be last having been just overtaken in the last year or two by South Korea on a per capita real GDP basis, PPP. The Lost Decade certainly has taken its toll on Japanese relative prosperity. Singapore overtook Japan in the 1970s – a testament to the Singapore miracle. Hong Kong too overtook Japan on a purchasing power basis in the mid-1990s followed not long after by Taiwan. Singapore is seriously rich.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Robert Lucas on income redistribution and economic growth
05 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, macroeconomics, Robert E. Lucas Tags: capitalism and freedom, industrial revolution, The Great Enrichment, The Great Escape, The Great Fact
Making one miracle: Philippine and South Korean real GDP per capita since 1950
05 Nov 2015 Leave a comment
in development economics, economic history, growth miracles Tags: South Korea, The Philippines
About 20 years ago, Robert Lucas reminded that in 1960 the Philippines and South Korea were at the same level of economic development. What followed for one was an economic miracle while the other the other grew at the same average pace as other developing countries is the central puzzle for the economics of economic growth.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Source: Robert E. Lucas Jr. “Making a Miracle” Econometrica (1993).
Chinese birth and death rates and the Chinese population since 1950
04 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: China, economics of fertility, one child policy, The fatal conceit, The pretense to knowledge, unintended consequences
#Africa is turning democratic
01 Nov 2015 Leave a comment
in constitutional political economy, development economics, economic history, growth disasters, growth miracles, liberalism, Public Choice Tags: Africa, capitalism and freedom
Chinese and Hong Kong fertility since the one child policy was adopted
01 Nov 2015 Leave a comment
in development economics, growth disasters, growth miracles, Marxist economics, population economics Tags: China, economics of fertility, Hong Kong, one child policy, The fatal conceit, The pretense to knowledge
The world’s most polluted cities
01 Nov 2015 Leave a comment
in development economics, environmental economics, growth miracles, urban economics Tags: air pollution, indoor pollution
https://twitter.com/wef/status/655654641145876483/photo/1
Live map shows the air-pollution level in hundreds of cities around the world buff.ly/1LyAECb http://t.co/Y89ESUhmWI—
Business Insider (@businessinsider) October 18, 2015
Chinese and Indian real GDP PPP since 1980
31 Oct 2015 Leave a comment
in development economics, economic history, growth miracles Tags: China, extreme poverty, India
Despite coming out of the blocks together, the Chinese economic miracle led to far larger increase in its respective real GDP PPP. Indian GDP only increased eightfold while Chinese GDP increased 18 fold since 1980 on a purchasing power parity basis.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
@oxfamnz The Great Escape from starving Africa
29 Oct 2015 Leave a comment
in development economics, economic history, growth disasters, growth miracles
@oxfamgb @GreenpeaceUSA Cooking is now one of the biggest causes for outdoor air pollution
28 Oct 2015 Leave a comment
in applied welfare economics, development economics, energy economics, environmental economics, growth disasters, growth miracles Tags: air pollution, energy poverty, indoor air pollution
A rising majority of university students around the world are women
26 Oct 2015 Leave a comment
in development economics, discrimination, economic history, economics of education, gender, growth disasters, growth miracles, human capital, labour economics Tags: College premium, compensating differentials, education premium, graduate premium, marriage and divorce, reversing gender gap
A rising majority of university students around the world are women (HT @cblatts) http://t.co/6loTmSgrk9—
William Easterly (@bill_easterly) June 15, 2015
The Great Escape and #vegetarianism
25 Oct 2015 Leave a comment
in development economics, economic history, environmental economics, growth miracles, health economics, Public Choice, rentseeking Tags: expressive politics, The Great Enrichment, The Great Escape, The Great Fact, vegetarianism
@JamilAnderlini @ft @PickardJE British & Chinese real GDP PPP @urmyes1
25 Oct 2015 Leave a comment
in development economics, economic history, growth miracles
Stunning statistic from @JamilAnderlini @ft https://t.co/Uotf5kzwlQ—
Jim Pickard (@PickardJE) October 24, 2015
Looks like it’s been another big day for breathless journalism at the Financial Times.
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Source: The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Angus Deaton on slow growth as a force for distributional conflict
25 Oct 2015 Leave a comment
in applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, income redistribution, liberalism, Public Choice, rentseeking Tags: Angus Deaton, The Great Enrichment, The Great Escape, The Great Fact
Utopia, you are standing in it! 
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