I'm Feeling Grumpy! | 21 comments (21 topical, editorial, 0 hidden)

Re: Of course, most of the explosion ... (none / 0)

But the typical GDP_PPP numbers are real GDP, which is to say corrected for inflation.

Indeed, there's no reason not to correct for inflation, since all the problems are exactly the same problem as estimating purchasing power parity ... you don't take any substantial new problems on board moving from current dollar PPP to base year dollar PPP.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jul 16th, 2008 at 05:33:39 PM EST
[ Parent ]

Re: Of course, most of the explosion ... (none / 0)

OK, that makes sense. Assuming that they use sensible numbers for inflation, of course...

- Jake

Friends come and go. Enemies accumulate.

by JakeS (JangoSierra 'at' gmail 'dot' com) on Wed Jul 16th, 2008 at 05:39:54 PM EST
[ Parent ]

They might not be using a sensible basket of ... (none / 0)

... goods for the inflation index ... but then, the PPP is screwed up for exactly the same reason, since its a cost-of-a-bundle-of-goods index across space instead of across time.

I've been accused of being a Marxist, yet while Harpo's my favourite, it's Groucho I'm always quoting. Odd, that.

by BruceMcF (agila61 at netscape dot net) on Wed Jul 16th, 2008 at 07:13:14 PM EST
[ Parent ]

I'm Feeling Grumpy! | 21 comments (21 topical, 0 editorial, 0 hidden)

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