Inequality & Growth

This useful review of recent literature finds that conflicting empirical results on the impact of inequality on growth may be due to timing. In the long run inequality appears damaging but, in the short run, it could provide a fillip to activity. Inequality is particularly bad news for those who are not at the top of the distribution pile…
How Are Economic Inequality and Growth Connected? Washington Center for Equitable Growth, Oct 2014
Also see this related post

Calibrating Global Poverty

The latest PPP update from the International Comparison Program (ICP) needs careful interpretation and less mobility in poverty goalposts…
World Bank ICP Report Summary, 30 Apr 2014 (covering almost 200 countries and using 2011 as the reference year)
Global Absolute Poverty Fell by Almost Half on Tuesday, Center for Global Development, 2 May 2014
What Do New Price Data Mean for the Goal of Ending Extreme Poverty? Brookings Institution, 5 May 2014
Playing with and Understanding Purchasing Power Parities, World Bank blog, 7 May 2014

Lies, Damn Lies and GDP Data

Why GDP data need to be handled with care…
Data shake-up turns UK into nation of savers, Financial Times, 7 Apr 2014
How Nigeria’s economy grew by 89% overnight, The Economist, 7 Apr 2014
The messy truth behind GDP data, FiveThirtyEight, 27 Mar 2014
Three rules to make sure economic data aren’t bunk, FiveThirtyEight, 17 Mar 2014
Wall Street less important to US economy than thought, Financial Times, 11 Mar 2014
Measuring economic progress, VoxEU, 17 Feb 2014
Is the ‘Great Recession’ really so different from the past? BoE External MPC Unit Discussion paper No. 40, June 2013

GDP: A Brief but Affectionate History, Diane Coyle, Princeton Press, 2014
Why is GDP revised? ONS Website, Apr 2014

Progress on progress, The Economist, 8 Apr 2014
Wellbeing and Policy Report, Legatum Institute, March 2014
Measuring National Well-being, ONS website (various publications)
Gross Domestic Wellbeing, Project Syndicate, 25 Mar 2014 (overview of Legatum Institute report)
Legatum Prosperity Index