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    Mesuring Economic Development

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    9 views57 pages

    Mesuring Economic Development

    Uploaded by

    sheshan madhushanka

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    © All Rights Reserved
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    of 57

    ECN 3053: Economic Development :

    Theory and Practice


    Lecture # 3

    Measures of
    Development
    Economic and Social
    Indicators

    Muditha Karunarathna
    Dept. of Economics and Statistics
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Measuring Development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Measuring Development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Types of Development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Measuring Development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Measuring Development-Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    MESURES OF DEVELOPMENT

    TYPES OF DEVELOPMENT INDICATORS 1

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Types of Development Indicators - 1

    Source: Data from World Bank, World Development Indicators, 2018

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    MESUREMENT OF ECONOMIC DEVELOPMENT

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    MESUREMENT OF ECONOMIC DEVELOPMENT

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Economic Indicators

    Source: Data from World Bank, World Development Indicators, 2018

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    One measure of the wealth of a
    country is……

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    However,

    Source: World Development Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Per capita means per head of population

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Purchasing Power Parity (PPP)

    Source: World Bank World Development Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Purchasing power Parity is based on
    the law of one price and refers to
    situation where your income has the
    same purchasing power in all countries

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source for health indicators: WDI. Source for education indicators: UNDP.

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    GDP per capita (PPP) - by country 2023

    https://wisevoter.com/country-rankings/gdp-per-capita-by-country/

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    GNI per capita (PPP) - by country 2023

    https://blogs.worldbank.org/opendata/new-world-bank-country-classifications-income-level-2022-2023

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Other aspects of economic development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Economic Growth vs Economic Development

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Latest World Economic Outlook Growth Projections

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Other aspect of economic development

    Source: United Nations Development Program

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Data Source: 2016 Human Development Report 2016, Table 1, Pages 198-201 (New York: United Nations Development Program), 2015 data.

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: Human Development Report Office, UNDP – Human Development Report, 2016, p. 27

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Other aspects of economic development

    Source: World Development Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: World Bank World Development Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: World Development Indicators

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: Population Reference Bureau: Births per 1,000 population

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: World Bank, World Development Indicators, 2013 (Washington, D.c.: World Bank, 2013), tab. 2.3

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Source: Data from Maddison Project Database

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Data Source: Penn World Table

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    The Human Development Index
    The Human Development Index is a statistical composite index of life
    expectancy, education, and per capita income indicators, which is used to
    rank countries into four tiers of human development.

    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith


    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    The Human Development Index (HDI) is a summary measure of
    average achievement in key dimensions of human development: a
    long and healthy life, being knowledgeable and having a decent
    standard of living.
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith
    Copyright © 2020, 2015 Michael P. Todaro and Stephen C. Smith

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