[p2p-research] Economic statistics

[Michel Bauwens]

I want to add another caveat,

price variations within country,

for example, costs in thailand are generally one quarter of those in
belgium,

but if the price level of chiangmai counts as 1, then bangkok is a 2 (double
level) and phuket is a 3, making it, according to daniel araya who was there
last month, almost as expensive as the U.S. ...

On Sat, Jul 17, 2010 at 12:49 AM, Ryan Lanham <rlanham1963 at gmail.com> wrote:

> Both of these are problematic in a number of ways.
>
> Average income can be GDP/person or average wages.  I suspect you mean
> average wages.  That is harder to come by for smaller nations.  Also, the
> standard deviation is hugely important.  India, for instance, has high wages
> for 100 million of its billion people.  But 800 million live on less than 10
> dollars a day...many on less than 2 dollars a day.  Therefore you want to
> understand GINI indicies.
>
> Cost of living is normally computed by a basket and the UN has several
> databases where they are present.  As a data point, it too suffers from high
> variance.  London is one of the most expensive cities on earth.  But England
> is not very expensive.  So too of New York City and rural Oklahoma.
>
> Even GINI can vary greatly. London has the highest GINI index on earth but
> the UK's GINI isn't all that high.  This is true in Asia nations
> especially...Africa strangely enough now has the most expensive cities on
> earth for executive ratings.  Of course most Africans live on less than 2
> dollars per day.
>
> I'd feel more comfortable giving pointers to data sets (Nationstates is
> very good) if I knew how you intend to use it.  Averages don't mean that
> much, I'm afraid.  I'd encourage you to consider standard deviations and
> quintiles...which are much more useful.
>
>   On Fri, Jul 16, 2010 at 12:22 PM, Reid Cornwell <wrc at tcfir.org> wrote:
>
>>    Does anyone know a ready resource for:
>>
>> 1.       Average annual incomes by country.
>>
>> 2.       Cost of living by country.
>>
>>
>>
>> Thanks in advance,
>>
>>
>>
>> Reid
>>
>>
>>
>>
>> ________________________________________________________________________________________________________
>> W. Reid Cornwell Ph.D.
>> Chief Scientist, The Center for Internet Research
>> Director, Focus on Education Foundation
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>> Adjunct Professor, Colorado Mountain College
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>> Skype: reid_cornwell
>>
>>
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>
>
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