Taking stock: The euro and GDP per capita
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Komentāri (20)
simpsons 22.07.2014. 23.59
Figure 1 suggests a surprising conclusion. At the end of socialism (end of 80s) only Hungary and Yugoslavia had some private entrepreneurship, had the widest freedoms and were the richest in socialist camp. Yet Croatia and Hungary in last 25 years had been the worst performers! Somehow counter-intuitively, knowledge of free market does not help a country at all.
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simpsons 22.07.2014. 23.54
GDP per capita in the Baltics is about the same as in Greece, and 50% of that in Germany. However, net average salary is 64% of Greece’s and only 25% of Germany’s.
Does professor Hansen has any idea why? Purely mathematically it can be for two reasons – GDP in Baltics is overstated by factor of 2, or employees are getting half of the share out of national income as workers in the West.
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Dzintars > simpsons 23.07.2014. 09.53
Higher wages but also, in some cases, higher prices. This is what this GDP measure takes into account – comparing GDP in different countries but using the same prices.
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simpsons > simpsons 23.07.2014. 22.06
OK, PPS pushes Baltics GDP up significantly, like 50%!
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Annija 22.07.2014. 11.00
Wow! Unbeliveball!
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kmstraumane > Annija 26.07.2014. 15.25
trololo
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Anna Gaigule 22.07.2014. 09.44
Which bars on graphs relies to Latvia? Author should find space (and careness) for each country label in graphs.
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Dzintars > Anna Gaigule 22.07.2014. 09.51
It was made so that all countries were listed – I hope they will change the font so it appears like that again.
But, besides that, Latvia is the red one, Estonia blue and Lithuania green.
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Anna Gaigule > Anna Gaigule 22.07.2014. 10.51
Thanks! Not easily readable, but more informative anyway.
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Dzintars > Anna Gaigule 22.07.2014. 14.17
I will talk to the ones who post this to see if there is a better way for displaying this in the future.
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baibabruvele 22.07.2014. 07.22
I imagine as 1939 like of Mr.Hansen , professor of, let’s say, Herder Institute – Riga’ s German-language uņiversity wrote about how increasing productivity in agriculture Latvia would increase its exports of bacon, cheese and butter even more and it’s GDP per capita in near future would overtake less productive Swedes. One year later non of is mattered. And here we are again.
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