Things are likely to be more expensive in richer countries, but not always. Market exchange rates tend to underestimate income.
This blog is where I store my thoughts and work-in-progress. Its title is inspired by the fact that my works involve the application of the purchasing power parity to currency and/or Big Mac valuation.
Thursday, December 7, 2017
International Comparison Program 2011 results
Playing around with excel bubble plot, and ICP data http://siteresources.worldbank.org/…/Resources/ICP_2011.html.
Things are likely to be more expensive in richer countries, but not always. Market exchange rates tend to underestimate income.
Things are likely to be more expensive in richer countries, but not always. Market exchange rates tend to underestimate income.
Subscribe to:
Posts (Atom)