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224 result(s) for "Maddison, Angus"
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The Maddison Project: collaborative research on historical national accounts
The Maddison Project, initiated in March 2010 by a group of close colleagues of Angus Maddison, aims to develop an effective system of cooperation between scholars to continue Maddison's work on measuring economic performance in the world economy. This article is a first product of the project. Its goal is to explain the aims and approach of the project, and, as a first result of this 'collaboratory', to inventory recent research on historical national accounts. We also briefly discuss some of the problems related to these historical statistics and we extend and where necessary revise the estimates published by Maddison in his latest overviews. Most new work relates to the period before 1820; it leads to a reassessment of levels of GDP per capita in western Europe in the early modern period, and to a confirmation of Maddison's previous estimates of Asian levels of real income.
Developing a comprehensive time series of GDP per capita for 210 countries from 1950 to 2015
Background Income has been extensively studied and utilized as a determinant of health. There are several sources of income expressed as gross domestic product (GDP) per capita, but there are no time series that are complete for the years between 1950 and 2015 for the 210 countries for which data exist. It is in the interest of population health research to establish a global time series that is complete from 1950 to 2015. Methods We collected GDP per capita estimates expressed in either constant US dollar terms or international dollar terms (corrected for purchasing power parity) from seven sources. We applied several stages of models, including ordinary least-squares regressions and mixed effects models, to complete each of the seven source series from 1950 to 2015. The three US dollar and four international dollar series were each averaged to produce two new GDP per capita series. Results and discussion Nine complete series from 1950 to 2015 for 210 countries are available for use. These series can serve various analytical purposes and can illustrate myriad economic trends and features. The derivation of the two new series allows for researchers to avoid any series-specific biases that may exist. The modeling approach used is flexible and will allow for yearly updating as new estimates are produced by the source series. Conclusion GDP per capita is a necessary tool in population health research, and our development and implementation of a new method has allowed for the most comprehensive known time series to date.
Confessions of a chiffrephile
The paper is a contribution to a series of recollections and reflections on the professional experiences of distinguished economists which the Banca Nazionale del Lavoro Quarterly Review started in 1979. Angus Maddison recounts his life and career as an economist.   JEL Codes: B31
Success ensures long-term importance to the US
Trade was dominated by natural resources on the one hand (such as oil, copper and other commodities) and finished products made by vertically integrated firms on the other (including clothing, furniture and steel). The supply chain revolution has enabled the magic of comparative advantage to operate on a far grander scale since each component-of a good or a service-can now be produced or assembled in the best location. [...]according to the pioneering analysis by Angus Maddison of economic growth over the very long term, the post-Second World War period has been the best in human history.
A Biosystematic View of Civilizations: Western Europe and Japan Before and After the Industrial Revolution
Civilization may be regarded as a biosystem. The relationship between the roles of civilization and its building blocks in relation to the environment is analogous to other biosystems at different hierarchical levels (a biosystematic view of civilization). Recently, a conceptual view of history was translated into English as An Ecological View of History: Japanese Civilization in the World Context. Its method was successfully adapted to comparative studies of civilizations in the Eurasian continent. However, this approach has not yet been applied to the evaluation of New World civilizations. Here, we consider the evaluation of the behavior and structure of civilizations in the New World. The analysis describes the parallel behaviors of Western Europe and Japan around the time of the Industrial Revolution.
A Comparison of the Economic Growth of the Baltic States between the Two World Wars
This paper contributes to cliometric research on the economic output of Finland, Estonia, Lithuania and Latvia between 1913 and 1938. For Finland, gross domestic product (GDP) values from Maddison project dataset are accepted. For Estonia, Arno Köörna’s and Jaak Valge’s estimates are endorsed with reservations for 1923–1924. According to an optimistic estimate, Lithuania’s GDP per capita was below all-Russian mean in 1913, but was not less than USSR level in 1938, while Gediminas Vaskela’s pessimistic estimate of the 1938 Lithuanian GDP implies its GDP growth underperformance. Using new sources, the first estimates of Latvia’s output for the 1913–1938 period in cross-country and cross-temporally comparable measurement units (1990 Geary Khamis international $) are substantiated. Under optimistic estimates of Lithuanian GDP growth, this country was on par with Finland in terms of annual growth rates, with Latvia following next and Estonia displaying the weakest growth performance.
Living with limits: growth, resources, and climate change
Is it possible for all of humanity to enjoy the standards of living of today's high-income countries? What would happen if these limits were reached, perhaps because of climate change or a shortage of natural resources essential to production? How would society manage – or fail to manage – such limits? Notwithstanding the current financial and economic crises, these are perhaps the biggest questions confronting our species (and of a host of other species, who are the victims of our decisions). The article begins by considering the biggest economic event of our lifetimes – the ‘great convergence’ and its implications for the demand for resources. The discussion then turns to a specific limit on our development, climate change, which is different from most other limits, because it involves a global public good: the atmosphere. What such limits might mean for our civilization is discussed. One can persuade people to tackle climate change only if those concerned with the dangers persuade ordinary people that action will not come at the expense of their prosperity.