[lbo-talk] India 8th in billionaire club

KJ kjinkhoo at gmail.com
Fri Mar 18 12:05:02 PST 2005


At 12:14 pm -0500 18/3/05, John Mage wrote:
>The absurdly low World Bank Gini co-efficients for India (and Indonesia
>and Bangladesh and Pakistan) have been noted and criticized - the best

Again, the Gini for India is based on expenditure. Ditto that for Indonesia. Further, for Indonesia, the source -- the national socio-economic survey -- gives emphasis to food consumption, resulting in a compression effect.


>demolition is from the excellent University of Texas Inequality Project
>(UTIP) of Jamie Galbraith. <http://utip.gov.utexas.edu/>

I think Jamie Galbraith uses pay to estimate income -- which probably has the opposite effect, as it would leave out the informal sector activities that low income people engage in to survive.

kj khoo



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