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I would take GDP numbers of BRICS countries with a giant mountain of salt. I remember there were research articles that claimed China's metrics were inflated e
by tomalaci 2y ago
I would take GDP numbers of BRICS countries with a giant mountain of salt.
I remember there were research articles that claimed China's metrics were inflated every year that compounded to unrealistic/fake number. One such research did this by measuring power/electricity growth, I think via visible light during night-time from satellite images. Would be nice if someone could find the original article.
Either way, when you inflate GDP metrics by few points it will compound over years and will create large gap between real and fake economy health.
- toomuchtodo 2y agohttps://www.stlouisfed.org/on-the-economy/2017/september/estimating-chinese-gdp-using-night-lights-data https://www.stlouisfed.org/on-the-economy/2017/september/est... https://www.aeaweb.org/articles?id=10.1257/aer.102.2.994 https://www.aeaweb.org/articles?id=10.1257/aer.102.2.994
- kkzz99 2y agoActually, a lot of economists think that Chinese GDP is severely under-counted. https://asiatimes.com/2024/06/whats-the-real-size-of-chinas-economy/ https://asiatimes.com/2024/06/whats-the-real-size-of-chinas-...