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A Note on Estimating Income Inequality across countries using PPP Exchange Rates
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| 01 February, 2018,
Jayati Ghosh |
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The use of exchange rates based on Purchasing Power Parities to compare income across countries and over time has become standard practise. But there are reasons to believe this could lead to excessively inflated incomes for poor countries and in some cases also inflate the extent of real changes over time. Estimates of gross domestic product growth in Chinese and Indian economies in recent years provide examples of this.
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Why Asia is Probably Poorer than We Think
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| 09 September, 2014,
Jayati Ghosh |
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Asia's 'success' in reducing poverty uses a flawed system for measuring income on the basis of an average value based on Purchasing Power Parity and ignores food insecurity.
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How Little can a Person Live on Today?
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| 03 October, 2011,
Utsa Patnaik |
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The Planning Commission's laughable estimates of the ''poverty line'' follow from a mistake in method which it made thirty years ago and has clung to ever since. On the basis of the officially accepted nutritional norms, the true poverty lines show that 75 percent of the population is in poverty. With this high level of destitution, the sensible policy is to revert to a universal distribution system with an urban employment guarantee scheme.
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