Epistemic status: I am not an economist, but I’m trying to make sense of some confusion here. There’s definitely some spots where I think economists have more relevant things to say than I’m aware of. A while ago, I wrote this note on GDP metrics, trying to make sense of why GDP (or even PPP) metrics tend to be pretty different from how rich a place actually feels. Today, I’ll try to take another shot at it, this time just via PPP.
Does PPP underadjust?
Does PPP underadjust?
Does PPP underadjust?
Epistemic status: I am not an economist, but I’m trying to make sense of some confusion here. There’s definitely some spots where I think economists have more relevant things to say than I’m aware of. A while ago, I wrote this note on GDP metrics, trying to make sense of why GDP (or even PPP) metrics tend to be pretty different from how rich a place actually feels. Today, I’ll try to take another shot at it, this time just via PPP.