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> No one uses PPP for measuring growth, I've just started to read Graham Allison's Graham Allison (supposedly based on this article [1]) and the exact opposite
by paganel 3y ago
> No one uses PPP for measuring growth,
I've just started to read Graham Allison's Graham Allison (supposedly based on this article [1]) and the exact opposite remark is made at the beginning of that book, i.e. that one should use PPP numbers instead of nominal GDP numbers when looking at the quality of life.
[1] https://www.theatlantic.com/international/archive/2015/09/united-states-china-war-thucydides-trap/406756/ https://www.theatlantic.com/international/archive/2015/09/un...
- ffhhttt 3y agoGrowth is not the same quality of life. GDP per capita (PPP or not) is a bad (and very lazy) indicator to use if you’re trying to measure QOL.