Source: Brian Easton (14 March 2016) Do inequality and poverty matter? | Pundit
Brian Easton on whether inequality has risen in the past 20 years in New Zealand
14 Mar 2016 Leave a comment
in economic history, politics - New Zealand, poverty and inequality
@BernieSanders defence of #Castro did not help spread democracy
14 Mar 2016 Leave a comment
in constitutional political economy, economic history, Marxist economics, politics - USA
Hours worked per working age American, British and French since 1950
14 Mar 2016 Leave a comment
in economic history, labour economics, labour supply Tags: British economy, France, hours worked, taxation and labour supply
Data extracted on 10 Mar 2016 22:02 UTC (GMT) from OECD.Stat and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
General government expenditure and general government revenue as a % of Australian and New Zealand GDP since 1970
13 Mar 2016 Leave a comment
in budget deficits, economic history, fiscal policy, macroeconomics, politics - New Zealand, politics - USA, public economics Tags: Australia, growth of government, size of government
I do not trust the numbers for New Zealand prior to the early 1990s released by the OECD. New Zealand simply did not have a tax structure including a GST in the double digits back then to support estate of that size. Nonetheless, the size of government in New Zealand is systematically larger than in Australia, a richer country which can afford a large government and generous welfare state.
Source: General government – General government revenue – OECD Data and Data extracted on 12 Feb 2016 08:45 UTC (GMT) from OECD.Stat from OECD Economic Outlook November 2015.
The discovery void in antibiotic drugs
13 Mar 2016 Leave a comment
in economic history, entrepreneurship, health economics Tags: creative destruction, entrepreneurial alertness, intellectual monopolies, patents and copyrights, research prizes, The Great Escape
No new classes of antibiotics has been discovered since 1987. They are looked upon as a poor investment by pharmaceutical entrepreneurs because there are so many generic competitors. To make it even more complicated, any new antibiotic that might be invented would have to be held in reserve for a major case of an antibiotic resistant infection.
Wealth and Health of Nations
13 Mar 2016 Leave a comment
in economic history, health economics Tags: life expectancies, The Great Escape
General government spending and general government revenue as % of US GDP since 1970
12 Mar 2016 Leave a comment
in budget deficits, economic history, fiscal policy, politics - USA, public economics Tags: growth of government, size of government
Source: General government – General government spending – OECD Data and Source: General government – General government revenue – OECD Data.
Hours worked per working age American and French and per American and French workers since 1950
12 Mar 2016 Leave a comment
in economic history, labour economics, labour supply Tags: France, hours worked, social insurance, taxation and labour supply
American workers are working fewer hours per year but more labour has been supplied by the working age population especially in the 1980s and 1990s. In France, there has been a steady decline of hours worked per worker and, up until 1985, hours worked per working age French.
Data extracted on 10 Mar 2016 22:34 UTC (GMT) from OECD.Stat, Data extracted on 10 Mar 2016 22:02 UTC (GMT) from OECD.Stat, and The Conference Board. 2015. The Conference Board Total Economy Database™, May 2015, http://www.conference-board.org/data/economydatabase/
Fruits and vegetables, wild vs. domesticated
12 Mar 2016 Leave a comment
in economic history, economics of information, economics of media and culture, economics of regulation, environmental economics, health economics Tags: agricultural economics, antiscience left, food snobs, GMOs, organic food
Live from the moon in @BernieSanders good old days
12 Mar 2016 Leave a comment
in economic history, economics of media and culture, politics - USA
Hong Kong’s per capita GDP has bested that of Western Europe
11 Mar 2016 Leave a comment
in development economics, economic history Tags: Hong Kong
New Zealand’s tourism industry halved in size in the last 2 years but it is only a statistical revision
11 Mar 2016 Leave a comment
in economic history, industrial organisation, politics - New Zealand, transport economics
At 4% of GDP and employment in 2014, that is half estimated size of the New Zealand tourism sector in 2012. Statistics are only estimates. The trouble is politicians and bureaucrats make decisions on the base of them that might not be able to be reversed. Little wonder that Hong Kong prospered by as collecting as few as statistics as possible.
Source: OECD Tourism Trends and Policies 2016 | OECD READ edition.
Source: OECD Tourism Trends and Policies 2014 | OECD READ edition.
The earlier New Zealand data referred to direct and indirect contributions while the latest data refers only to direct contributions. New Zealand is no longer top of the world.
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