World GDP should not be falling
A recent discussion on VoxEU about trends in world GDP illustrates how the wider use of Purchasing Power Parities (PPPs) would lead to figures that are more readily plausible and easier to interpret.
Man and machine
Herman de Jong and Marcel Timmer contributed to the KVS Preadviezen “De match tussen mens en machine” [The match between man and machine], edited by Bas ter Weel. They presented their contributions at the Behandeling van de KVS Preadviezen in The Hague.
Round table on the future of economic growth research
Marcel Timmer participated in a round table discussion on 'Future Trends in the Economics of Growth', where he talked about the need for more work on growth of welfare, rather than GDP; see his presentation. The round table was hosted by Mark Sanders of...
Expert meeting on Global Value Chains
Gaaitzen de Vries participated in an expert meeting on the Dutch economy in Global Value Chains organized by the Dutch Ministry of Foreign Affairs about the recent report by De Vries and Timmer on the mutual dependence of manufacturing and services for...
PWT 9.0: planned features and approximate release
The next version of the Penn World Table, version 9.0, is currently under development with numerous changes. There is no firm release date at this point, other than 'as soon as possible'. Our best estimate at this point will be a release in the first...
Premature deindustrialization: GGDC data in the Wall Street Journal
While advanced economies grew rich from specialising in manufacturing and employing a large share of the labor force in this sector, the research of Dani Rodrik suggests that path is no longer available to lower-income economies today. How does he know...
Trade in value added research covered on RTL-Z
Gauging the strength of the Netherlands of a trading nation and analysing where it specialises should use data on trade in value added, rather than the traditional gross trade statistics. Well-known to experts, but Marcel Timmer's research in the...
Productivity and convergence paper accepted in JoE
A paper by Robert Inklaar and Erwin Diewert on "Measuring industry productivity and cross-country convergence" has been accepted for publication in the Journal of Econometrics, in a special issue on economic measurement. The paper finds that cross-country...
Manufacturing and services need each other
Gaaitzen de Vries and Marcel Timmer finished a report for the Dutch Ministry of Economic Affairsand VNO/NCW titled: “Dutch Manufacturing Competing in Global Value Chains”. The report stresses the mutual dependence of manufacturing and services for the...
Peer-review of new FAO Agricultural Database
Reitze Gouma gave a presentation on the occasion of the launch of the FAO's new agricultural productivity database, indicating how incorporating measurement lessons from EU KLEMS would be beneficial.