No, interestingly, that is a technical choice. But applied consistently means that the numbers lack explanatory power in this way but are still reasonably comparable to each other and through time. Really, no one, including the man who invented the GDP calculation thought it was a very good tool or in anyway useful for the purpose it is currently employed.
El Salvador and Nicaragua are in Central America, not North America.
But that raises an interesting point… Mexico is also in North America, but I didn't see any comparisons between Nova Scotia and Mexican states (I think Mexico has states, but I'm not sure).
This makes me wonder about some of the other conclusions in this article… Seems a bit sloppy.
Gimmie a minute Tom. As described, it's a series of articles and the Mexico comparison gets a whole article on its own... coming right up.
But yes... for sure... sloppy, unprofessional, unmercifully long, poorly edited, meandering, slightly unhinged would all describe what's on offer here for the price.
I am fascinated by this story and look forward to the follow-up. I also love talking about economics.
One thing is certain: GDP is a poor indicator of quality of life!
As a recent newcomer to the province I have found that the quality of life here is amazing. There is a sense of community here you don’t see in other parts of Canada in my experience. For example, the local fire hall had a St. Patrick’s Day “concert” that was really an excuse for folks to bring their instruments out to a gathering and play for each other. Cost? $5, and there were sandwiches and donuts!
I have also noticed there is a vibrant cash economy here that isn’t reflected in the data. People here are happy, and happy to be here!
haiti is the poorest place in north america and by extension the western hemisphere
do per capita GDP figures capture inter government/provincial transfers?
No, interestingly, that is a technical choice. But applied consistently means that the numbers lack explanatory power in this way but are still reasonably comparable to each other and through time. Really, no one, including the man who invented the GDP calculation thought it was a very good tool or in anyway useful for the purpose it is currently employed.
Pinches gringos no saben que quiere decir Norteamérica...
haha, again,,, gimmie a minute...
El Salvador and Nicaragua are in Central America, not North America.
But that raises an interesting point… Mexico is also in North America, but I didn't see any comparisons between Nova Scotia and Mexican states (I think Mexico has states, but I'm not sure).
This makes me wonder about some of the other conclusions in this article… Seems a bit sloppy.
Gimmie a minute Tom. As described, it's a series of articles and the Mexico comparison gets a whole article on its own... coming right up.
But yes... for sure... sloppy, unprofessional, unmercifully long, poorly edited, meandering, slightly unhinged would all describe what's on offer here for the price.
I take it you’re not thinking of El Salvador or Nicaragua when you talk about North America?
I am fascinated by this story and look forward to the follow-up. I also love talking about economics.
One thing is certain: GDP is a poor indicator of quality of life!
As a recent newcomer to the province I have found that the quality of life here is amazing. There is a sense of community here you don’t see in other parts of Canada in my experience. For example, the local fire hall had a St. Patrick’s Day “concert” that was really an excuse for folks to bring their instruments out to a gathering and play for each other. Cost? $5, and there were sandwiches and donuts!
I have also noticed there is a vibrant cash economy here that isn’t reflected in the data. People here are happy, and happy to be here!