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FT.com / Comment / Analysis - A measure remodelled

Mr Cotis suggests that one of the most practical services statisticians can perform is to examine the components of GDP in more detail, to gain a clearer picture of what is happening. Insee has been studying the budgets of French families between 2001 and 2006, distinguishing between their fixed costs - such as housing, taxes and utility bills - and discretionary spending. "Basically, the `free cash flow' of the lowest quintile was 45 per cent of income in 2001 - but five years later it was down to 25 per cent, mostly because of an increase in housing costs," Mr Cotis says.


Un roi sans divertissement est un homme plein de misères
by linca (antonin POINT lucas AROBASE gmail.com) on Wed Jan 28th, 2009 at 06:06:01 AM EST
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