He who is first is now last: real GDP per capita of the East Asian Tigers since 1950

05 Nov 2015 1 Comment

by Jim Rose in development economics, economic history, growth miracles Tags: , , , , ,

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.

image

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

by Jim Rose in development economics, growth disasters, growth miracles, macroeconomics, Robert E. Lucas Tags: , , , ,

https://twitter.com/MaxCRoser/status/661735370141356032

Making one miracle: Philippine and South Korean real GDP per capita since 1950

05 Nov 2015 Leave a comment

by Jim Rose in development economics, economic history, growth miracles Tags: ,

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

by Jim Rose in development economics, growth disasters, growth miracles, labour economics, labour supply, population economics Tags: , , , , ,

https://twitter.com/MaxCRoser/status/660030711278227456

#Africa is turning democratic

01 Nov 2015 Leave a comment

by Jim Rose in constitutional political economy, development economics, economic history, growth disasters, growth miracles, liberalism, Public Choice Tags: ,

https://twitter.com/MaxCRoser/status/660272779644805120

Chinese and Hong Kong fertility since the one child policy was adopted

01 Nov 2015 Leave a comment

by Jim Rose in development economics, growth disasters, growth miracles, Marxist economics, population economics Tags: , , , , ,

The world’s most polluted cities

01 Nov 2015 Leave a comment

by Jim Rose in development economics, environmental economics, growth miracles, urban economics Tags: ,

https://twitter.com/wef/status/655654641145876483/photo/1

Chinese and Indian real GDP PPP since 1980

31 Oct 2015 Leave a comment

by Jim Rose in development economics, economic history, growth miracles Tags: , ,

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

by Jim Rose 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

by Jim Rose in applied welfare economics, development economics, energy economics, environmental economics, growth disasters, growth miracles Tags: , ,

https://twitter.com/BjornLomborg/status/593445076321312769/photo/1

A rising majority of university students around the world are women

26 Oct 2015 Leave a comment

by Jim Rose in development economics, discrimination, economic history, economics of education, gender, growth disasters, growth miracles, human capital, labour economics Tags: , , , , ,

The Great Escape and #vegetarianism

25 Oct 2015 Leave a comment

by Jim Rose in development economics, economic history, environmental economics, growth miracles, health economics, Public Choice, rentseeking Tags: , , , ,

@JamilAnderlini @ft @PickardJE British & Chinese real GDP PPP @urmyes1

25 Oct 2015 Leave a comment

by Jim Rose in development economics, economic history, growth miracles

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

by Jim Rose in applied welfare economics, comparative institutional analysis, constitutional political economy, development economics, growth disasters, growth miracles, income redistribution, liberalism, Public Choice, rentseeking Tags: , , ,

image

Source: ‘Economic growth is the engine of the escape from poverty and material deprivation’ – economist and 2015 Nobel laureate Angus Deaton – AEI | Economics Blog » AEIdeas

RT @NaomiAKlein what’s changed since you left high school?

24 Oct 2015 Leave a comment

by Jim Rose in development economics, economic history, growth miracles, Marxist economics Tags: , , , , ,

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