Since it CURRENT international dollars the per capita income series you posted isn't inflation adjusted. Real per capita income in El Salvador hasn't doubled. You need to take inflation out if you want to see how much richer people are getting. That's my only point.
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Thanks. Twitter on not sleep can go wrong (or even with sleep). Sorry for being more forceful than necessary as well.
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I had a few points to push back on, but I'll leave that for now, especially since I found something odd when looking into the data the uses paper that probably should be resolved first.
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Clemens' paper uses Penn World Table 8.0. So I pulled PWT 8.0 and the more recent 9.0 version.pic.twitter.com/mbnGnqmL4e
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This is what PWT 8.0 and 9.0 show for El Salvador per capita GDP, once in 2005 PPP US$ (for PWT 8.0) and once for 2011 PPP US$ (for PWT 9.0). https://www.rug.nl/ggdc/productivity/pwt/ …pic.twitter.com/ieTKFJFnoo
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One sanity check is that Clemens' paper has a scatter plot in the back, and SLV is the country code (in the PWT) for El Salvador. Look: per capita income in 2010 is ~ $1000, just like in the PWT 8.0. That's low!pic.twitter.com/9Mmb6UB70e
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That's 2000, not 2010, but yes, that is weird.
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I've found some wack shit in the PWT before, which they admitted and promised to fix (but never actually fixed!). http://noahpinionblog.blogspot.com/2015/11/big-tfp-data-mystery.html … It's possible that version miscoded SLV in that release. The updated numbers are close to World Bank and CIA.
End of conversation
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